comprehensive annual document. acopy of the report has...
TRANSCRIPT
Vision... 3^ Bernard Parish School Board
Chalmette, Louisiana
Comprehensive
Annual Under provisions of state law, this report is a public document. Acopy of the report has been submitted to the entity and other appropriate public officials. The report is available for public inspection at the Baton Rouge office of the Legislative Auditor and, where appropriate, at the office of the parish clerk of court
Release Date / / / 3 / / P
Financial
R eport
DpTr^ln?*!?!. r. FOR THE FISCAL YEAR Department of Business Operations j u l y i 2008-David Fernandez, Financial Manager June 30, 2009
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30,2009
T A B L E OF C O N T E N T S
INTRODUCTORY SECTION Statement Page No.
Transmittal Letter
List of Principal Officials
Organizational Chart
Certificate of Achievement for Excellence in Financial Reporting
Certificate of Excellence in Financial Reporting
FINANCIAL SECTION
Independent Auditor's Report
Required Supplemental Information: Management's Discussion and Analysis
Basic Financial Statements:
Govemment-Wide Financial Statements:
Statement of Net Assets
Statement of Activities Fund Financial Statements: Govemmenial Funds:
Balance Sheet
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St. Bernard Parish School Board Chalmette, Louisiana
TABLE OF CONTENTS (CONTINUED) Statement/ Exhibit Page No,
Reconciliation of the Govemmental Funds Balance Sheet to the Statement of Net Assets D 24
Statement of Revenues, Expenditures and Changes in Fund Balances E 25
Reconciliation of the Govemmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities F 26
Proprietary Funds: Statement of Net Assets G 27
Statement of Revenues, Expenses and Changes in Fund Net Assets H 28
Statement of Cash Flows I 29
Fiduciary Funds: Statement of Fiduciary Assets and Liabilities J 30
Notes to the Basic Financial Statements 32
Required Supplementary Information:
Budgetary Comparison Schedules:
General Fund 1 67
Special Revenue Funds - Lunch Fund 2 68
Special Revenue Funds - Hurricane Education Recovery Act -Immediate Aid to Restart Schools 3 69
Special Revenue Funds - FEMA Project Account 4 70
Notes lo Budgetary Comparison Schedules 71
Sl- Bernard Parish School Board Chalmette, Louisiana
TABLE OF CONTENTS (CONTINUED)
Exhibit
Other Supplementar>' Information:
Non-Major Govemmental Funds:
Combining Balance Sheet - By Fund Type
Combining Statement of Revenues, Expenditures and Changes in Fund Balances - By Fund Type
Non-Major Special Revenue Funds
Combining Balance Sheet
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual: Title 1 Title II Title IV Title V USDA Team Nutrition - Family Nutrition Grants Economic Opportunity Act: Headstart Hurricane Educators Assistance Program Public Uw 102-119 Flow Thru Public Law 102-119 Preschool State Extended School Year Program 8G Model Early Childhood Development Program Vocational Education Adult Education TANF GED Program - Adult & Family Literacy Service 21" Century Community Learning Centers Education Technology State Grants
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St. Bemard Parish School Board Chalmette, Louisiana
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TABLE OF CONTENTS (CONTINUED)
Exhibit Page No. Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual:
Hurricane Katrina Foreign Contributions Readiness and Emergency Management for Schools
Non-Major Debt Service Funds
Combining Balance Sheet
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
Permanent Fund
Balance Sheet 29 110
Schedule of Revenues, Expenditures and Changes in Fund Balance
Fiduciary Funds
Statement of Changes in Assets and Liabilities
Schedule of Changes in Deposit Balances - By School
Capital Assets Information
Schedule of Capital Assets - By Source
Schedule of Capital Assets - By Function
Schedule of Changes in Capital Assets - By Function
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St. Bemard Parish School Board Chalmette, Louisiana
TABLE OF CONTENTS (CONTINUED)
Table Page No.
STATISTICAL SECTION (Unaudited)
Statistical Section Contents
Net Assets by Component
Changes in Net Assets
Fund Balances of Govemmental Funds
Changes in Fund Balances of Govemmental Funds
Assessed and Estimated Actual Value of Taxable Property
Overlapping Govemments
Principal Property Taxpayaers
Property Tax Levies and Collections
Sales and Use Tax Rales and Collections - All Govemments
Ratios of Outstanding Debt by Type
Ratios of General Obligation Bonded Debt Outstanding
Compulation of Direct and Underlying Bonded Debt
Legal Debt Margin Information
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St. Bemard Parish School Board Chalmette, Louisiana
TABLE OF CONTENTS (CONTINUED)
Table/ Exhibit
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Demographic and Economic Statistics
Principal Employers
School Building Information
School Personnel
Operating Statistics
Schedule of Insurance in Force
Schedule of Compensation Paid to Board Members
SINGLE AUDIT SECTION
Independent Auditor's Report:
Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 158
Report on Compliance with Requirements Applicable to each Major Program and Intemal Control over Compliance in Accordance with OMB Circular A-133 160
Schedule of Expenditures of Federal Awards 36 162
Notes lo Schedule of Expenditures of Federal Awards 164
Schedule of Findings and Questioned Costs 165
Sl. Bemard Parish School Board Chalmette, Louisiana
TABLE OF CONTENTS (CONTINUED)
Schedule Page No,
SCHOOL BOARD PERFORMANCE MEASURES
Independent Accountant's Report on Applying Agreed-Upon Procedures 167
Schedules Required by Slate Law (R.S. 24:514 - Performance and Statistical Data) 172
General Fund Instmclional and Support Expenditures and Certain Local Revenue Sources LA-1 174
Education Levels of Public School Staff as of October 1,2008 LA-2 176
Number and Type of Public Schools For the Year Ended June 30,2009 LA-3 177
Experience of Public Principals and Full-time Classroom Teachers as of October 1, 2008
Public School Staff Data For the Year Ended June 30, 2009
Class Size Characteristics as ofOctober 1, 2008
Louisiana Educational Assessment Program (LEAP) forthe 21" Century for the Year Ended June 30,2009 LA-7 182
The Graduate Exit Exam for the 21" Centur>' for the Year Ended June 30,2009 LA-8 184
The Iowa and i-Leap Tesls for the Year Ended June 30, 2009 LA-9 186
LA-4
LA-5
LA-6
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INTRODUCTORY SECTION
l> u SUCCESS
ST BERNARD PARISH SCHOOL BOARD
October 27, 2009
OFFICERS OF THE BOARD:
HUGH C CRAFX Ed.D. PRESIDENT
DIANA B. DYSART VICE-PRESIDENT
DORIS VOITIER SUPERINTENDENT SECRFTARY-TREASURF-R
MEMBERS:
HERMAN ]. BONNETTE, SR-
WILIJAM R ECAN
LYNETTE R. DiFATTA
SHARON A. HANZO
JOSEPH V LONG, SR.
HUGH C. CRAFX Ed.D.
DIANA B. DYSART
CUFFORD M. ENG» J»NDE
HENDERSON LEWIS. JR., Ph-D.
PERRY M. NICOSIA
DONALD D. CAMPBEU
To the Members of the St. Bemard Parish School Board and the Citizens of St. Bemard Parish, Louisiana:
The Comprehensive Annual Financial Report of the St. Bemard Parish School Board (School Board) for the fiscal year ended June 30,2009, is herewith submitted. Responsibility for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with the Financial Supervisor, the Superintendent and the School Board. We believe the data presented is accurate in all material respects and is presented in a manner designed to fairly reflect the financial positions and results of operations of the various funds of the School Board. All disclosures necessary to gain maximum understanding of the School Board's financial activities have been included.
Management's discussion and analysis (MD&A) immediately follows the independent auditor's report and provides a narrative introduction, overview and analysis of the basic financial statements. MD&A complements this letter of transmittal and should be read in conjunction with il.
Reporting Entity
The St. Bemard Parish School Board is a legally separate subdivision of the slate of Louisiana created by the state to govern the public education system in the Parish of St. Bemard, Louisiana. St. Bemard Parish is in the southeast comer of the state of Louisiana bordered by the City of New Orleans to the west, the Mississippi River to the south and the Gulf of Mexico to the east. The School Board consists of Consolidated School District No. 1 of the Parish of St. Bemard. The School Board is governed by an eleven member board, whose members are all elected by district and all serve concurrent four-year terms. The current School Board members were elected in a regular election in September, 2006. Their terms started on January 1,2007 and will end on December 31,2010.
200 EAST ST BERNARD HIGHWAY, CHALMETTE, LOUISIANA 70O43 PHONE (504) 301-2000 FAX: (504) 301-2010
Although created as a political subdivision of the State, the School Board legally stands on its own, is fiscally independent and elects its own goveming body which is accountable for the financial activities of the St. Bemard Parish School Board. Therefore, it is considered a primary govemment. The School Board has no component units nor is it a component unit of any other entity. All funds and activities of the St. Bemard Parish School Board are reported in this annual report.
The St. Bemard Parish School Board serves approximately 4,802 students, and offers a full range of educational services for students from pre-kindergarten through twelfth grade, including regular and special education services for the disabled, adult education, vocational education and alternative education programs, in addition to auxiliary services such as student transportation and food services. During the 2008-2009 school year, these services were provided through the School Board's Administrative Office, Chalmette High School, N.P. Trist Middle School, St. Bemard Middle School, Andrew Jackson Elemenlary School, Joseph Davies Elemenlary School, J.F. Gauthier Elementary School, W. Smith Jr. Elementary School and C.F. Rowley Alternative School. To leam more about the St. Bemard Parish School Board, visit our web site at www.stbemard.kl2.la.us.
Independent Audit
The School Board's financial statements have been audited by LaPorte, Sehrt, Romig and Hand, a firm of licensed certified public accountants. The goal of the independent audit is to provide reasonable assurance that the financial statements of the St. Bemard Parish School Board for the fiscal year ended June 30, 2009, are free of material misstatements. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unqualified opinion on the School Board's financial statements for the fiscal year ended June 30, 2009, and that the statements are fairly presented in conformity with accounting principles generally accepted in the United Stales of America. The independent auditor's report is presented as the first component of the financial section of the report.
The independent audit of the financial statements of the School Board are part of a broader, federally mandated "Single Audit" designed to meet the special needs of federal grantor agencies. This year the School Board met the requirements for having a single audit conducted in accordance with the Single Audit Act Amendment of 1996 and U.S. Office of Management and Budget Circular No. A-133, Audits of States. Local Governments and Nonprofit Organizations. The standards goveming Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited government's internal controls and compliance with legal requirements, with special emphasis on intemal controls and legal requirements involving the administration of federal awards. These reports are included in the Single Audit Section of this report.
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Internal Controls
The management of the School Board is responsible for establishing and maintaining a system of intemal control. The objectives of a system of intemal control are lo provide reasonable, but not absolute, assurance that School Board policy, administrative and accounting procediu-es and grant administration procedures are fully implemented and are being adhered to. In addition, intemal controls are designed to provide reasonable, but not absolute, assurance regarding: (I) the safeguarding of assets against loss fi-om unauthorized use or disposition and (2) the reliability of financial records for preparing financial statements and maintaining accountability for assets.
All intemal control evaluations occur within the above framework. We believe that the School Board's intemal controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. In addition, we believe the controls provide adequate assurance that federal programs are properly administered and accounted for.
Accounting System and Budgetary Control
An explanation of the School Board's accounting and budgetary policies are contained in the notes to the financial statements. Explained in detail are the basis of accounting, fund structure and other significant information regarding accounting and budgetary policies. The objective of these budgetary controls is to ensure compliance with legal provisions embodied in the annual appropriated budget approved by the School Board. Activities of the general fund and special revenue funds are included in the annual appropriated budget. The level of budgetary control (that is, the level at which expenditures cannot legally exceed the appropriated amount) is established at the fund level. Management is responsible for review of the budget and making adjustments as needed by prior authority granted from the School Board. All budget amendments must be presented to the School Board for approval.
Economic Condition and Outlook
Sl. Bemard Parish is located in the extreme southeaslem section of Louisiana bordering on the Mississippi River and extending eastward lo the Gulf of Mexico. At June 30,2009, the parish population has increased slightly as residents rebuild their homes and retum. Current estimates have the parish's full-time population at approximately 55% of pre-Hurricane Katrina levels.
The major industries of the Parish remain intact and continue to fuel the recovery of the region. Also key to the recovery are the Mississippi River, its fishing estuaries and its port facilities. The Port of St. Bemard, located on the convergence of the three major maritime corridors of the Mississippi River, the Mississippi Gulf Outlet and the Gulf Intra-Coastal Waterway, has spent $8 million to rebuild infrastructure. Roads, warehouses and sewerage facilities were improved while increasing tonnage and ship visits. Investments of $30 million will continue in the coming year with conveyors and the rebuilding of the industrial park facilities and office space. Their goal is to continue to attract larger ships and create more jobs and economic prosperity for the residents of St. Bemard. Their success is evident in the growth in Port tonnage from the pre- Hurricane Katrina levels of 3.2 million tons in 2004 to a record 4.8 million tons in 2008. The Port of SL Bemard will continue to be a major economic engine for the recovery of the Parish and region.
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The Sl. Bemard Parish Economic Development Commission continues in its efforts to attract major businesses lo the Parish. Their re-instituted strategic plan focuses on the following areas of economic development: business retention and expansion; industrial recruitment; small business development; parish advocacy; and workforce development.
The economic outlook for the Parish continues to look promising. Renovation and construction activity is evident throughout the Parish. These factors will bolster the Parish economy as we continue to rebuild. However, the School Board continues lo face many challenges. Striving to meet the changing needs of students in this recovering area, while continuing lo rebuild damaged facilities remain paramount concems of the district.
Major Initiatives, Service Efforts and Accomplishments
The members of the School Board in cooperation with the community, the parents, the staff and students have worked tirelessly to ensure a quality system of public education for all students within St. Bemard Parish.
(1) Prior to Hurricane Katrina in 2005, the St. Bemard Parish School Board was very proud of the fact that all of our schools have been accredited by the Southern Association of Colleges and Schools (SACS). In the 2007 school year, the district attained district-wide accreditation. District-wide accreditation is a new concept and is available only to districts with all schools currently accredited on an individual basis.
(2) The 2008-2009 school year saw the continuation of the School Board's Universal Preschool Program, A combination of federal, slate and local funds helped make St. Bemard Parish one of the few parishes in the State of Louisiana to offer educational services, free of charge, to all 4 year old residents wishing to avail themselves of these services. The program v/as offered at Andrew Jackson, Joseph Davies, J.F. Gauthier and W. Smith Jr. Elementary Schools. Programs contributing funding to this effort were the Headstart program, IDEA, the 8G Model Early Childhood program, State LA4 funds and the State of Louisiana's Education Excellence Fund. Costs in excess of the aforementioned funding were covered by the School Board's General Fund.
(3) During the 2008-2009 school year, the district continued its alternative program for students who are 16 years of age or older who have difficulty passing the new LEAP 21/GEE 21 assessments. With the assistance of a state pass-through grant through the Temporary Assistance to Needy Families (TANF) program, the program offered classes to enhance the basic academic skills of students and to introduce them to workplace essential skills. Students in this program are working toward a GED and/or a parish skills certificate, and their educational programs are individualized through their Individual Career and Academic Plan (ICAP).
(4) The school district accessed funds from the Carl D. Perkins Vocational Grant to bring work-like experiences lo students in culinaiy arts, business and technology education. A major focus was helping students in the area of business studies obtain industry certifications which will assist them upon entering the workforce.
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Career major programs that dominated the district's vocational programs during the 2008-2009 school year and which were supported by Carl Perkins funds included finance, culinary arts and constmction technology.
(5) The "Hand and Hand" program continued in the elementary schools. "Hand and Hand" is a parish publication designed to foster cooperation between family and school. The booklet provides a link between the school and the home and gives parents a first-hand look at what students are required to know when taking the 4* grade LEAP 21 test
"Hand and Hand" enlists parents in an effort to get students ready for LEAP. The booklet consists of weekly math and language arts exercises, which are assigned as homework. Parents are asked to work with the student in completing these activities to help ease test anxiety.
The "Hand and Hand" booklets are dispersed at scheduled meetings for parents of 4* grade students. These mandated information meetings offer an opportunity for parents to meet with administrators, counselors and 4* grade teachers to discuss exactly what LEAP means for their children and how parents can get involved in preparing their students for testing. To participate in this "Hand and Hand" program, parents must attend one of the meetings to receive the booklet and also to receive lips on how to assist their children in preparing for the test. Participation in this school/home outreach program is enhanced by a parish-wide incentive program that rewards students and parents for completing assignments.
At the elementary and middle school levels. Project PASS provided tutoring for 4* and 8* grade students identified as being at-risk of failing LEAP 21. Retired teachers relumed to active service when given the opportunity to work with groups of five or fewer children on LEAP skills in preparation for high stakes testing. The curriculum for this project was provided by the State Department of Education.
(6) An altemative school, NOVA Academy, opened after the beginning of the 1996-1997 school year to provide instruction and supervision for middle and high school students who would have otherwise been expelled. In August 2007, NOVA Academy was relocated to the newly renovated former C.F. Rowley Elemenlary School. C.F. Rowley Altemative School provides a program that is rehabilitative in nature, with the aim of having students successfully retum to their district school campus. The faculty and staff work with many community agencies to provide family counseling, drug use monitoring and rehabilitation as needed to reach the students' goals for retum to the district school. C.F. Rowley Altemative School now also houses the district's other altemative programs such as Project Star and the SOS Program, both of which are detailed below, as well as the Options program which services students that are in altemative diploma tracks to the traditional college preparatory curriculum.
(7) Collaborative efforts among the St. Bemard Parish School Board, the St. Bemard Parish Sheriffs Office, the St. Bemard Parish Council and the 34 ^ Judicial System resulted in two programs, one for middle school and one for high school.
lo keep suspended students under the supervision of the school system. The program is housed at the site of our altemative school, C. F. Rowley Altemative School. The program will continue to serve all public middle and high schools in St. Bemard Parish.
Students who violate the parish code of conduct in a grievous way or who are habitually dismptive to the school program are assigned to the Suspension-on-Site (SOS) program in lieu of suspension out of school.
(8) The 2008-2009 school year saw the continuation of Project Star at C.F. Rowley Altemative School. The goal of Project Star is to help students who have failed two or more grade levels reach their age appropriate grade level. Effectively, this program allows the student lo complete three years of middle school in two years. This is accomplished by extending the daily core curriculum instmclional time by one hour and extending the school year by thirty days for the students enrolled in the program.
The program requires a commitment from both the students and their parents. Entering sixth grade students that are identified as eligible for the program are screened to determine their compatibility with the program. Upon enrolling in the program, each student must sign a contract agreeing to adhere to the rules of the program. The traditional nine-week grading period has been replaced with a six week grading period, each of which culminates with a mandatory parent-teacher conference. Also, tutors come in two days per week to provide individualized assistance in areas of assessed weakness or in LEAP 21 preparation.
9) Following Hurricane Katrina, Congress appropriated substantial funding to assist schools in the most heavily impacted areas. The Hurricane Education Recovery Act brought desperately needed operational funds to the district in the form of federal Immediate Aid to Restart Schools funding. These monies will be used to fund district operational expenses as well as assist in the replacement of materials and supplies lost in the storm. For the 2009-2010 school year, these funds will be used to support district-wide technology initiatives as well as assist the district in preparing to reopen two new schools, Arabi Elementary School and Chalmette Elementary School for the 2010-2011 school year.
10) The district has developed and presented a Rebuilding Plan to address the systems post-Hurricane Katrina environment and challenges. This plan addresses the systematic rebuilding and repopulation of public schools within the parish. The district is currently in the third phase of this rebuilding plan, which includes the expansion of Chalmette High School through a self-contained ninth-grade academy, with a newly constmcted educational facility. The ninth grade campus Avill also include a newly constmcted field house which will include state-of-the-are facilities for several sports including basketball, wrestling and swimming. These facilities opened at the beginning of the 2009-2010 school year. A a cultural arts center is currently under constmction on the same campus which will service the entire community by including a 400 seat theater as well as music and dance practice rooms, meeting rooms and the main branch of the parish public library. Also under constmction are two new elementary schools to service the
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Arabi and Chalmette areas. These schools are scheduled to open for ihe 2010-2011 school year. A third new elementary school, which will replace the current J.F. Gauthier Elemenlary School is currently in the design/bid pha.sc. This school will be built on the fomier site of P.G.T. Beauregard Middle School and is scheduled to open in the 2011-2012 school year.
Major Operational or Financial Concerns
The St. Bemard Parish Public School System enjoys a fine reputation throughout the metropolitan New Orieans area for the excellence of its educational offerings and the resulting achievements of its students. However, the effects of storm related expenses and decreased funding raises several concems for the future.
Foremost among our concems are the effects of decreases in Slate funding to local school districts. As the Slate deals with its o\vn budget crisis, a part of their solution has been to discontinue Stale funding for several grants and initiatives. The local districts must decide lo continue these programs and initiatives through local funding sources or lo discontinue them. Also, due to the State's budget constraints the legislature has decided to adopt a "no-growth" MFP which funds school districts at the same level as the previous year without the customary inflation factor to assist districts with rising costs. Also, a continuing concern is the effect of retiree heallh insurance premiums on the local budget. Hie district continues to fund retiree health benefits for an ever increasing retiree base with decreased post-storm revenue structure. These Legacy Costs, which traditionally have been an obligation of the Stale, have been passed through to local districts and continue to be a drain on local budgets. These costs will continue to be a concern until such lime as district revenues once again reach pre-storm levels.
Locally, while the Parish recovery is continuing there is still a slight depression of Ihe local economy when compared lo pre-stomi indicators. With the construction of new housing and commercial buildings, Ad Valorem lax revenues have reached pre-storm levels; however, sales lax revenues continue to lag behind pre-storm levels. Current sales tax collections hover at approximately 75% of pre-storm collections, however, with ihc opening of several nation chain stores in the near future combined with the continued recovery of ihe region as new residents move into the area, it is anticipated that the economy will gradually recover and sales tax revenues will see a corresponding increase over the next few years.
Another area of concern is the lack of certified teachers in certain areas of critical need, primarily, Special Education, Mathematics and Science. This problem has become more prevalent due to a diminished pool of available teachers in the post-storm environment. To accommodate the need for certified teachers, for 2009-2010 the district is employing 50 provisionally certified teachers through the Teach For America program. The Teach For America program enlists recent college graduates to commit to teach for two years in urban and mral school districts. The district continues to attempt to attract permanent teachers with these certifications as well as assist current personnel in attaining certification in these areas.
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Financial Reporting Awards
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the St. Bemard Parish School Board for its comprehensive annual financial report for the Year Ended June 30, 2008. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local govemment financial reports.
In order to be awarded a Certificate of Achievement, a governmental unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such reports must salisly both generally accepted accounting principles and applicable legal requirements.
The Sl. Bemard Parish School Board was also awarded a Certificate of Excellence in Financial Reporting for its comprehensive annual financial report for the fiscal year ended June 30, 2008 by the Association of School Business Officials Inlemational (ASBO).
The award certifies that the school system has presented its comprehensive annual financial report lo the ASBO Panel of Review for critical review and evaluation and that the report was judged to have complied with the principles and practices of financial reporting recognized by ASBO. Receiving the award is recognition that the school system has met ihe highest standards of excellence in school financial reporting.
The awards received for the system's fiscal year 2008 report represented the sixteenth year that the district had received these respective honors. The Certificate of Achievement and Certificate of Excellence are valid for a period of one year only. The St. Bemard Parish School Board feels that its 2008-2009 Comprehensive Annual Financial Report continues to meet the Certificate of Achievement and Certificate of excellence Programs' requirements and we are submitting it lo the GFOA and ASBO to determine eligibility for another certificate.
Acknowledgments
The preparation of the Comprehensive Annual Financial Report on a timely basis could not have been accomplished without the efforts and dedication of the entire business operations staff. We would like to express our sincere thanks and appreciation to each and every employee who conlribuled to the development of this report.
Lastly, we would like to thank and applaud the members of the St. Bemard Psirish School Board for their leadership in planning and conducting the financial operation of the school system in a dedicated and responsible manner.
Respectfully submitted,
Doris Voilier Superintendent
David Fernandez Financial Supervisor
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ST. BERNARD PARISH SCHOOL BOARD
PRINCIPAL OFFICIALS
SCHOOL BOARD MEMBERS
PRESIDENT HUGHC. CRAFT. Ed.D.
VICE-PRESIDENT
DIANA B. DYSART
HERMAN J. BONNETTE. SR. SHARON A. HANZO
DONALD D. CAMPBELL JOSEPH V. LONG, SR.
LYNETTE R. DIFATTA HENDERSON LEWIS, JR., Ph. D
WILLIAM H. EGAN PERRY M. NICOSIA
CLIFFORD M. ENGLANDE
ADMINISTRATIVE OFFICIALS
SUPERINTENDENT DORIS VOITIER
ASSISTANT SUPERINTENDENT BEVERLY LAWRASON
FINANCIAL SUPERVISOR DAVID FERNANDEZ
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i I Certificate of
Achievement for Excellence
in Financial Reporting
Presented to
St, Bemard Parish School Board, Louisiana
For its Comprchcnsixe .Annual
Financial Report
for the Fiscal Year Ended
.lLme30, 2008
A Ccnificaic of Achicvcnienl for IixccIIciicc in I'luant'ial Ki-porii.ny is prcscmcd by the GovL*rnmcni !-in:incc OlTicu'is
Association of ihc Uiiiicd States and Canad.i lo govemmcnl uims and public employee renrcmcnl
systems vshosc comprehensive aiuiiial financial icpons (CAFRs) acliicvc the liiglicsi sisndaids in government accounimg
and nnancial icporiing.
jsf^iii^VVi
iv:>^'_r'^y"v^ »i*iii\
h ^ M President
E.\ccuii\'e Director
XI
Of SCHOOL BUs,^ f/\y^ INTERNATIONAL ^ / > .
'Plus Ceitihc.'ilc of h.>:ccllcncc ni Fin:mcial Rcporiini; i presented lo
ST. BERNARD PARJSH SCHOOL BOARD
For its Comprehensive Annual Financial Report (CAFR) For Ihc I-isciii Year lindcd June 30. 2008
U|)on recomnief dniK)'! of Ihe Associalion's Panel of Rcviftw wntch has lucJgef) thai the Reoori sutslantially conforms to pnnc pies and standards of ASBO's Cenilicaie of E ccHence Pfogrsm
^:Z.^ ;^^U<^ y-^^^v---President Executive Difector
: i i
FINANCIAL SECTION
1# 1 IAPORTE SEHRT ROMIGHAND
CERTllltD PUBLIC ACCOUNTANTS
To ibc Members o f the
Sl. Bemard Parish School Board
Chalnicl ic. Louisiana
Independent Audi tor 's Report
We have audited the accompanying fmancial statements o f the governmental activities^ each
major fund and the aggregate remaining fund information o f Sl. Bernard Parish School Board (School
Board) as o f a n d for the year ended June 30. 2009, which col lcc i ive ly comprise the School Board's basic
financial statements as listed in the table ofconienis. These financial statements are the responsibility' o f
Ihe St. Bemard Parish School Board's management. Our rcsponsibil i t) ' is to express opinions on these
financial statements based on our audit.
We conducted our audit in accordance wi th audit ing standards generally accepted in the United
States o f America and the standards applicable to f inancial audits contained in Govenmienf Audiiittg^
Sumdards, issued by the Comptrol ler General o f ihe United Stales. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial statements are free o f
material missiaiement. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the f inancial statements. An audit also includes assessing the accounting principles
used and significant estimates made by managcmcnl. as wel l as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinions.
In our opinion, the financial siaiemcnts referred to above present fair ly, in all material respects,
the respective financial position o f the governmcniai activit ies, each major fund and the aggregate
remaining fund informat ion o f Sl. Bemard Parish School Board, as o f June 30, 2009. and the respective
ciianges in financial position and cash f lows, where applicable, thereof for the year then ended in
confomiit>' wi th accounting principles generally accepted in the United States o f America.
In accordance wi th Govcrnnieni Audi t ing Standards, we have also issued our report daied
October 22. 20(J9, on our consideration of the St. Bemard Parish School Board's internal control over
financial reporting and our tests o f its compliance wi th certain provisions o f laws, regulations, contracts,
grant agreements and other matters. The purpose o f that report is to describe the scope o f our testing of
intemal control over fmancial reporting and compliance and the results o f that testing, and not to provide
an opinion on the internal control over fmancial reporting or on compliance. That report is an integral
pan of an audh perfomicd in accordance with Govemment A u d i i i n ^ Standards and should be considered
in assessing the results o f our audit.
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1
The management's discussion and analysis, budgeiaiy comparison .schedules foi the general fund and major s|")ecial revenue funds, and the other Required Supplemeniaiy Information as listed in the table of contents, arc not a required pan of the basic financial staicments but are suppienicniap;' information required by accounting principles generally accepted in the United .States of America. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. l-iowevcr, we did not audit the information and express no opinion on it
Our audit was conducted for the purpose of fonning opinions on the financial statements that collectively comprise the St. Bernard Parish School Board's basic financial staicments. The introducioi'y section, combining and individual nonmajor fund financial statements, the budgetary comparison schedules for the nonmajor special revenue iunds, the fiduciaiy fund financial staicments, the capital assets schedules, and statistical section arc presented for purposes of additional analysis and are not a required part of the basic fmanctal statements. The accompanying schedule of expenditures of federal awards is presented for puiposcs of additional analysis as required by U.S Office of Management and Budget Circular A-133, Audits of Stoles. Local Governments, and Non-Profn Organizations, and is not a required pan of the basic financial siaiemcnts of the Sl. Bernard Parish School Board. The combining and individual nonmajor fund financial statements. Ihe budgeiaiy comparison schedules forthe nonninjoi special revenue funds, the staicincni of changes in assets and liabilities, and the schedule of changes ir. deposit balances - by school for the fiduciary funds, the capital assets schedules, and schedule of expenditures of federal awards liave been subjected lo the auditing procedures applied in the audit of the basic financial statenicnts and. in our opinion, are fairly slated in all matenat respects in relation to tlie basic financial siaiemcnts taken as a whole. The introducior)' section and statistical tables have noi been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, wc express no opinion on them.
A Professional .Accounting Corporation
October 22. 2009
REQUIRED SUPPLEMENTAL INFORMATION:
MANAGEMENTS DISCUSSION AND
ANALYSIS
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
We present readers of the St. Bemard Parish School Board's (School Board) financial statements with this narrative overview and analysis of the fmancial activities of the School Board for the fiscal year ended June 30,2009 We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal.
Financial Highlights
Key financial highlights for the 2008-2009 fiscal year include the following:
Statement of Net Assets - The assets of the School Board exceeded its liabilities at the close of the most recent fiscal year by $262,963,203. Of this amount, $4,955,586 (unrestricted net assets) may be used to meet the School Board's obligations to students and creditors.
Statement of Activities - The total net assets of the School Board increased by $30,113,809 for the year ended June 30, 2009. This increase is attributable to several factors including increase in investment in capital assets and a corresponding decrease in the School Board's liability related to bonded debt.
Governmental Funds Balance Sheet - As of the close of the fiscal year, the School Board's govemmental funds reported a combined ending fimd balance of $89,311,722, a decrease of $28,761,612 in comparison with the prior fiscal year. The majority of this fund balance is composed of approximately $13.46 million for spending vAlhrn the General Fund, $3.78 million which is reserved for the payment of outstanding bond issues within the debt service funds and $73.53 million which is held in the Capital Projects Funds to finance current and future construction projects.
Governmental Funds Statement of Revenues. Expenditures and Changes in Fund Balance - Total revenues for the year ended June 30, 2009 for the govemmental funds of the School Board amounted to $105,082,059. Approximately 70.6% of this amount is received from four major revenue sources: (1) $31.9 million in grants from the Federal Emergency Management Agency (FEMA) (2) $18.1 million from Louisiana's Minimum Foundation Program, (3) $11.3 million from local sales and use taxes and (4) $12.9 million from local ad valorem taxes.
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
General Fund Ending Fund Balance - At the end of the current fiscal year, the fund balance for the General Fund, a major fund, was $13,464,149, or 31.3% of total General Fund expenditures for 2008-2009. Approximately $.4 million is reserved for encumbrances, $6.2 million (designated) is set aside for future claims and contingencies and specific program expenditures and $6.9 million (undesignated) is available for spending at the Board's discretion.
Capital Assets - Total capital assets (net of depreciation) were $196,817,729, or 65.0% of total assets. The School Board uses these assets to provide educational services to children and adults; consequently, these assets are not available for future spending.
Long-Term Debt - The School Board's total debt decreased $2,086,584 (7.8%) during the current fiscal year. The key factors are (1) $2,340,000 decrease in bonded debt and (2) a $52,739 decrease in liability for compensated absences.
Overview of the Financial Statements
This management discussion and analysis is intended to serve as an introduction to the School Board's basic financial statements. The School Board's basic financial statements are comprised of three components: (1) govemment-wide financial statements, (2) fund financial statements and (3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.
Govemment-wide Financial Statements - The govemment-wide financial statements are designed to provide readers with a broad overview of the School Board's finances, in a manner similar to that utilized by a private-sector business.
• The Statement of Net Assets presents information on all of the School Board's assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the St. Bemard Parish School Board is improving or deteriorating.
• The Statement of Activities presents infonnation showing how the School Board's assets changed during the most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
Fund Financial Statements - A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The School Board, like other state and local govemments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the School Board can be divided into three categories: govemmental funds, proprietary funds and fiduciary funds.
• Governmental funds - Govemmental funds are used to account for essentially the same functions reported as govemmental activities in the govemment-wide financial statements. However, unlike the govemment-wide financial statements, fund fmancial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources at the end of the fiscal year. Such information may be useful in evaluating the School Board's near-term financing requirements.
Because the focus of govemmental funds is narrower than that of the govemment-wide financial statements, it is useful to compare the information presented for govemmental fijnds with similar information presented for govemmental activities in the govemment-wide financial statements. By doing so, readers may better understand the long-term impact of the School Board's near-term financing decisions. Both the govemmental funds Balance Sheet and the govemmental funds Statement of Revenues, Expenditures and Changes in Fund Balances provide a reconciliation to facilitate the comparison between govemmental funds and govemmental activities.
Information is presented separately in the govemmental funds Balance Sheet and in the govemmental funds Statement of Revenues, Expenditures and Changes in Fund Balances for the General Fund, Lunch Fund, Hurricane Education Recovery Act - Immediate Aid to Restart Schools Fund, FEMA Project Fund, Ad Valorem Tax Bond Sinking Fund and Capital Projects Fund, all of which are considered to be major funds. Data for the other govemmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major govemmental funds is provided in the form of combining statements elsewhere in the report.
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
The School Board adopts an annual budget for its General Fund and each individual Special Revenue Fund. Budgetary comparison statements have been provided to demonstrate compliance with these budgetary requirements.
• Proprietary funds - The School Board has one intemal service fund. An intemal service fund is a type of proprietary fund which accumulates and allocates costs internally among the School Board's various functions. The School Board maintains an intemal service fiind to account for its self-insured workers' compensation program. This program accounts for claims incurred by employees injured while under the course and scope of their employment with the school system. Because the services provided in this fund benefit govemmental, rather than business-type functions, they have been included as govemmental activities in the govemment-wide financial statements,
• Fiduciary funds - Fiduciary funds are used to account for resources held for the benefit of parties outside of the School Board. Fiduciary funds are not reflected in the govemment-wide financial statements because the resources of those funds are not available to support the School Board's own programs. The School Board maintains one fiduciary fund: the School Activity Agency Fund.
Notes to the basic financial statements - The notes provide additional information that is essential to a full imderstanding of the data provided in the govemment-wide and fund financial statements.
Other Information - In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information conceming the School Board's compliance with budgets for its major funds. The combining statements for non-major govemmental funds are presented immediately following the required supplementary information.
Govemment-wide Financial Analysis
As noted earlier, net assets may serve over time as a useflil indicator of a government's financial position. In the case of the School Board, assets exceeded liabilities by $262,963,203 at the close of the most recent fiscal year.
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
The largest portion of the School Board's net assets, totaling approximately $179.6 million, reflects the school system's investment in capital assets (e.g. land, buildings, fumiture and equipment), less any related debt used to acquire those assets that is still outstanding. The School Board uses these capital assets to provide educational services to children and adults; consequently, these assets are not available for future spending. Although the School Board's investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. The School Board also has approximately $73.5 million set aside for School Board capital projects, which will be used in conjunction with FEMA funding to rebuild the school district following the damage caused by Hurrican Katrina in August 2005.
St. Bemard Parish School Board's Net Assets
2009 2008
Current and other assets Capital assets
Total assets
Current and other liabilities Long-term liabilities
Total liabilities
Net assets: Invested in capital assets,
net of related debt Restricted Unrestricted
Total net assets
Govemmental Activities
$105,781,856 196.817.729 302.599.585
14,843,740 24,792,642 39.636.382
179,632,729 78,374,888
4.955.586 $262,963,203
Percent of Total
34.96% 65.04% 100.00%
37.45% 62.55%
100.00%
68.31% 29.80% L89%
100.00%
Govemmental Activities
$ 146,038,310 140.533.265 286.571,575
26,842,955 26.879.226 53.722.181
121,008,265 85,502,545 26.338.584
$232,849,394
Percent ofTotal
50.96% 49.04%
= .jmm-
49.97% 50.03%
100.00%
51.97% 36.72% 11.31% 100.00%
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
A portion of the School Board's net assets of $78,374,888 are reported separately to show the legal constraints placed on these funds and to limit the School Board from using those funds for day-to-day operations. The remaining balance of unrestricted net assets totaling $4,955,586 may be used to meet the School Board's ongoing obligations to citizens and creditors. Govemmental activities increased the St. Bemard Parish School Board's net assets by $30,113,809, which represents an 13% increase in net assets from the prior year. Key elements of the increase were as follows:
• Net assets invested in capital assets increased by $58,624,464, which represents an increase of 48% over the prior year. This increase is due primarily to the district's constmction efforts following Hurricane Katrina which has seen several buildings completed or in progress at June 30, 2009 and added to capital assets.
• Restricted net assets have decreased by $7,127,657, which represents an decrease of 8% over the prior year. This decrease is primarily due to a decrease in the fmid balance of the Capital Projects Fund as insurance proceeds were used to supplement FEMA funding to complete constmction projects.
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
St. Bemard Parish School Board's Changes in Net Assets
2009 2008
Revenues: Program Revenues:
Charges for services $ Operating grants and contributions
General Revenues: Ad valorem taxes Sales and use taxes State revenue sharing Grants and contributions not restricted to specific programs - MFP
Interest eamings Other general revenues
Total Revenues
Expenses: Instruction:
Regular programs Special programs Adult/continuing education programs
Support Services: Pupil support services Instructional staff support services General administration
School administration Business services Plant services Student iransportation services Central services Community service programs Food service operations
Debt Service -Interest on long-term obligations
Total Expenses Increase in net assets
Govemmental Activities (
363,960 51,705,891
12,863,047 11,260,126
0
18,111,348 742.704
7.694.280 102.741.356
39,124,235 5,829,382
211,629
2.742,254 3,961,060 1,382,616 2,868,132
666,384 8,216,740 2,927,631
733,819 4,100
3,135,325
824.240 72.627.547
$30,113,809
Percent Govemmental Percent 3f Total Activities ofTotal
0.35% $ 50.32%
12.52% 10.960%
0.00%
17.63% 0.72% 7.50%
IQO.PQ% _
53.87% 8.03% 0.29%
3.78% 5.45% 1.90% 3.95% .92%
11.31% 4.03% 1.01% 0.01% 4.32%
1.13% 100.00%
204,225 84,604,272
10,720,776 11,814,389
343,058
16,489,864 1,848,756 3.762,953
129.788.293
10,609,666 4,603,523
220,705
2,699,714 3,613,670 1,281,816 2.382,788
643,621 6,248.218 3,581.061
737.312 4,100
2,760,969
727.732 40.114.895
^89.673.398
0.16% 65.19%
8.26% 9.10% 0.26%
12.71% 1.42% 2.90%
100.00%
26.45% 11.48% 0.55%
6.73% 9.01% 3.20% 5.94% 1.60%
15.57% 8.93% 1.84% 0.01% 6.88%
1.81% 100.00%
3
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
Revenues by Source - Governmental Activities
• Operating Grants and Contributions - Operating grants and contributions are the largest source of revenues for the School Board. Federal grants represent approximately $52.2 million, or 87.9% of total grants and contributions, while state grants represent approximately $7.2 million, or 12.1% of total grants and contributions. These grants and contributions are specifically restricted to certain programs, and therefore, are netted against the costs of these programs to show a tme net cost. The following chart shows operating grants and contributions by fund source for the last three years:
Hurricane Education
Recovery Act - Non-Major Immediate Aid FEMA Special %
General Lunch To Restart Project Revenue Increase Fiscal Year Fund Fund Schools Fund Funds Total (Decrease' 2006-2007 $2,759,016 $1,705,787 $ - $68,898,553 $26,088,716 $99,452,072 1.97% 2007-2008 6,214,933 1,774,680 7,694,751 55,985,310 12.934,598 84,604,272 (14.93%) 2008-2009 7,067,692 1,670,369 10,066,425 31,914,847 8,657,925 59,377,258 (29.82%)
In fiscal year 2008 -2009 , the School Board experienced a decrease of 29.82% or $25,227,014, in operating grants and contributions over the prior fiscal year.
• Grants and Contributions Not Restricted to Specific Programs - The second largest source of revenue to the School Board is reported in the "Grants and Contributions Not Restricted to Specific Programs" and is received through the Minimum Foundation Program (MFP). The MFP is a distribution of approximately $3.2 billion to 70 public school systems by the State of Louisiana for salaries and general operations. The State does not provide money for building schools or retiring debt. The distribution is based on a formula adopted by the Louisiana Board of Elementary and Secondary Education and approved by the Louisiana Legislature. The following chart presents the actual increases or decreases in MFP funds received by the School Board over the last three years.
General Lunch Increase/ Fiscal Year Fund Fund Total MFP Decrease %
2006-2007 $13,701,372 $615,650 $ 14,317,022 ($5,235,086) (26.8%) 2007-2008 15,874,214 615,650 16,489,864 2,172,842 15.2% 2008-2009 17,495,698 615,650 18,111,348 1,621,484 9.8%)
10
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
In fiscal year 2008-2009, the School Board received $18,111,348, or 17.2% of its total revenues, from the MFP. The effects of Hurricane KaU-ina lef\ a majority of the Parish's population homeless and relocated to other areas of the State and nation. This temporary decrease in population has resulted in a decrease in student enrollment, however, enrollment has been increasing as families retum to the district. Since the MFP formula is primarily driven by student emollment numbers, the district realized a increase in these revenues for the 2008-2009 school year. As population returns and enrollment increases in the future, these revenues should continue to increase in future years. These revenues are deposited in the General Fund and the Lunch Fund only.
Sales and Use Tax Revenues - Sales and use tax revenues are the third largest source of revenues for the School Board. A 2%) sales tax rate is levied upon the sale and consumption of goods and services within the parish for public education. The following chart lists sales and use tax revenues for the past three years.
Non-Major
Fiscal Year 2006-2007 2007-2008 2008-2009
General Fund
$10,910,657 11,205,259 10,598,213
Debt Service Funds
$ 585,500 609,130 661,913
Total Collections $ 11,496,157
11,814,389 11,260,126
Increase/ Decrease
$ 982,334 318,232
(554,263)
%
9.3% 2.8%
(4,7%)
In fiscal year 2008-2009, the School Board deposited $10,598,213 into the General Fund and $661,913 into the Sales Tax Sinking Debt Service Fund. This represents 10.7% of the total revenues received.
11
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30,2009
Ad Valorem Tax Revenues - Ad valorem tax revenues, also referred to as property tax revenues, are the fourth largest source of revenue for the School Board. Ad valorem collections are based upon the number of mills (levied annually by the School Board) and the taxable assessed value (established by the St. Bemard Parish Assessor), subject to the limitations approved by the voters and the Louisiana Legislature. The following chart lists ad valorem tax revenues for the last three years.
General Fiscal Year Fund 2006-2007 $ 7,869,069 2007-2008 7,967,843 2008-2009 9,620,229
Ad Valorem Tax Bond
Sinking Fund
$2,945,310 2,752,933 3,242,818
Total Collections $10,814,379
10,720,776 12,863,047
Increase/ Decrease
$ 581,528 ( 93,603) 2,142,271
% 5.7%
( -9%) 20.0%.
In fiscal year 2008-2009, the School Board deposited $9,620,229 in ad valorem tax revenues into the General Fund and $3,242,818 into the Ad Valorem Tax Bond Debt Service Sinking Fund. This represents 12.2%) of total revenues received.
Program Expenses and Revenues - Governmental Activities
Expenses are classified by function/program. The related revenues are comprised of specific charges for the services and operating grants and contributions received to offset the expenses for the specific program.
Expenses for regular programs, special programs and adult/continuing education programs are considered instmctional services and relate to direct expenses of providing instmction to students. Instmctional services for fiscal year 2008-2009 totaled more than $45.2 million, or 62.2% of total expenses. The remaining expense functions are considered support services and relate to those functions that support the instmctional services provided, such as administration, transportation, food services and plant services. Support services for fiscal year 2008-2009 totaled over $26.6 million, or 36.1% of total expenses.
The remaining $0.8 million, or 1.1 % of total expenses, consists of interest expense on long-term obligations.
The program revenues for fiscal year 2008-2009 directly related to these expenses totaled $52,069,851, which resulted in net program expenses of $20,557,696.
12
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
Financial Analysis of Governmental Funds
As noted earlier, the St. Bemard Parish School Board uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.
The focus of the School Board's govemmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the School Board's financing requirements. In particular, unreserved fund balances may serve as a useful measure of a School Board's net resources available for spending at the end of the fiscal year.
• As of the close of the current fiscal year, the School Board's govemmental funds reported a combined ending fund balance of $89,311,722, a decrease of $28,761,612 in comparison with the prior fiscal year. This fund balance is comprised primarily of (I) $13.46 million available for spending within the General Fund, (2) $3.78 million reserved for the payment of outstanding bond issues within the Debt Service Funds and (3) $73.53 million in the Capital Projects Funds for specific current and future constmction projects.
• The General Fund is the chief operating fund of the School Board. At the end of the current fiscal year, unreserved fund balance of the General Fund was $13,072,716. The School Board has designated 47.4% of that fund balance for future claims and contingencies, equipment replacement and specific programs. The remaining 52.6% (undesignated) is available for spending at the Board's discretion.
The General Fund fund balance decreased a total of $6,381,931, a 32%» decrease from the prior year. This is due primarily to a transfer of undesignated funds to the Capital Projects Fund for use in the district's rebuilding efforts.
• The Lunch Fund presents the results of the operation of the district's food service program. At the end of the current fiscal year, the Lunch Fund has an unreserved fund balance of $781,185, all of which is undesignated and available for spending at the Board's discretion.
The Lunch Fund fund balance decreased a total of $116,374, a 11 % decrease from the prior year. This is due primarily to the purchase of equipment and supplies to stock cafeterias in three schools which opened in the 2008-2009 school year.
13
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
• The FEMA Project Fund is a special revenue fund established to report the expenditure of funds received from the federal govemment to assist in the district's recovery from Hurricanes Katrina and Gustav. Total fund balance at the end of the current fiscal year was ($2,527,315), a 120%) decrease from the prior year. This decrease is the resuh of the expenditure of fiinds for project worksheets which are currently in the obligation process. The School Board does not recognize revenues from project worksheets until they are obligated by FEMA. The Board expects these project worksheets to be fully obligated and corresponding revenues will be recognized in future fiscal periods.
• The Debt Service Funds have a total fund balance of $3,778,235, all of which is reserved for the payment of outstanding debt.
• The Capital Projects Funds have total fund balances of $73,531,465, all of which is designated for capital improvements. Fund balance has decreased $7,671,534, a 9.4% decrease over the prior year. The decrease was due primarily from the use of insurance proceeds in the fund to pay expenditiu-es related to School Board constmction projects.
General Fund Budgetary Highlights
The original budget for the School Board was adopted on July 22, 2008, and the final budget amendment was adopted on April 28, 2009. Differences between the original budget and the final amended budget of the General Fund are as follows:
Revenues
Ad valorem tax revenues were estimated to increase 6.7%) based on the 2008 assessment rolls. The budget was increased $568,568 to reflect this anticipated gain in revenues.
Budgeted amounts for Other Local Revenues - Contributions were increased $1,333,550 as a result of charitable contributions received by the district to assist in the continued rebuilding the school system following the damages wrought by Hurricane Katrina as well as a contribution to fund science education programs in the district.
MFP revenues were projected to increase 7.0%) as a result of the growth in student enrollment as families displaced by Hurricane Katrina returned to the school district.
14
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
• State Restricted Grants in Aid were increased $5,950,518 a final grant allocations for the 2008-2009 year were received and State grants formeriy presented as Special Revenue Funds were moved into the General Fund.
Expenditures
• All functional areas of the budget for Instmction and Support Services were increased a total of $4,274,309 to reflect cost increases related to additional expenditures due to increased student enrollment Additional expenditures included the cost of employing additional instmctional and support staff as well as the purchase of additional educational supplies and equipment to support the increased student enrollment. Actual expenditures reflected a positive variance from final budget of $1,387,951 as additional eligible operating expenditures were shifted to the FEMA project fund for federal reimbursement.
Excess (Deficiency) of revenues and other financing sources over (under) expenditures and other financing uses
• The original budget projected a deficit of $7,604,112 which was later amended and projected to have a deficit of $8,610,455, This increase in the projected deficit was due primarily to additional anticipated expenditures as a result of increased student enrollment as well as a transfer of available fiinds from the General Fimd to the Capital Projects Fund in order to assist in funding the school systems rebuilding efforts.
Capital Assets and Debt Administration
Capital Assets - The School Board's investment in capital assets as of June 30, 2009 amounts to $196,817,729 (net of accumulated depreciation). This investment in capital assets includes land, buildings and improvements and fumiture and equipment. The following table shows the value of these assets at the end of the current and previous fiscal years:
St. Bemard Parish School Board's Capital Assets (net of depreciation)
2009 2008 Land $ 934,696 $ 934,696 Buildings and Improvements 192,327,476 136,057,750 Fumiture and Equipment 3.555.557 3.540.819
Total $196.817.729 $140.533.265
15
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
Major capital asset events during the fiscal year included the following:
• Additions to capital assets included $4,082,931 for fumiture and equipment and $60,542,621 for buildings and improvements. These additions were offset by demolition of existing facilities of $585,626 (net of accumulated depreciation) and current depreciation of $7,755,462 resulting in a net increase in capital assets of $56,284,464.
Long-Term Debt - At the end of the current fiscal year, the School Board had total bonded debt outstanding of $17,185,000. Of this amount, $16,610,000 comprises debt backed by the full faith and credit of the govemment. The following table summarizes bonds outstanding at June 30,2009 and 2008:
St. Bemard Parish School Board's Outstanding Debt
2009 2008 General obligation bonds $ 16.610,000 $18,400,000 Sales tax bonds 575.000 1.125.000
Total $17.185.000 $ 19.525.000
Long-term debt issues for fiscal year 2008-2009 include the following:
• Total outstanding debt decreased $2,340,000 during the 2008-2009 fiscal year.
• Louisiana statutes limit the amount of general obligation debt the School Board may issue to 35%> of the total assessed valuation. On June 30, 2009, the School Board had $16,610,000 in outstanding general obligation debt, representing 5.1% of the total assessed valuation. The current debt limitation for the School Board is $113,990,654.
For additional information regarding capital assets and long-term debt, see notes 4 and 9 to the basic financial statements.
16
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Management's Discussion and Analysis June 30, 2009
Economic Factors and Next Year's Budgets and Rates
The following economic factors were considered in preparation of the fiscal year 2009-2010 budget:
• Due to the effects of Hurricane Katrina, the district's enrollment has decreased significantly from its pre-storm enrollment of 8,800 students. For the 2009-2010 school year the district was initially funded for an enrollment of 4,359 students. Consequently, the School Board will realize an increase of $2,927,264 in MFP funding for the 2009-2010 fiscal year. Should, during the course of the year, the district's enrollment exceed 4,359 students, a mid-year adjustment will be made for the increase.
• The School Board is anficipating an increase in group insurance costs for 2009-2010, due mainly to an increase in premiums as well as the hiring of addifional staff as school enrollment increases. The School Board has budgeted an increase of $1,110,832 to cover increases for both active and retired employees. Also, while Teachers' Retirement System employer contribution rates will remain at 15.5% in 2009-2010, the system projects an increase of $566,203 due to salary increases and employment of additional staff. An increase of $50,791 is projected for employees enrolled in the School Employees' Retirement System.
• Personnel costs in the expenditure budget will increase as salaries of employees at Davies Elementary, Smith Elementary and St. Bemard Middle School are moved out of the Restart Grant and back into the General Fund budget.
Requests for Information
This financial report is designed to provide a general overview of the St. Bemard Parish School Board's finances for all those with an interest in the School Board's finances. Questions conceming any of the information provided in this report or requests for additional financial information should be addressed to the Financial Supervisor of the St. Bemard Parish School Board, 200 E. St. Bemard Hwy., Chalmette, Louisiana or by calling (504) 301-2000.
17
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18 ]
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19
BASIC FINANCIAL STATEMENTS:
GOVERNMENT-WIDE FINANCIAL
STATEMENTS
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
STATEMENT OF NET ASSETS June 30. 2009
Statement A
ASSETS: Cash and cash equivalents Receivables Inventory Other assets Capital Assets:
Land Depreciable capital assets, net of depreciation
TOTAL ASSETS
LIABILITIES: Accounts, salaries and other payables Unearned revenue Interest payable Long-term liabilities:
Due within one year Due in more than one year
TOTAL LIABILITIES
NET ASSETS: Invested in capital assets, net of related debt Restricted for:
Food Service Programs Debt Service Capital Projects Scholarships:
Non-expendable Expendable
Unrestricted
TOTAL NET ASSETS
SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
GOVERNMENTAL ACTIVITIES
$ 82.755.380 21.623.383
110.190 1.292,903
934.696 195.883.033
302.599.585
13.012.793 1.577,537
253.410
3.048.846 21.743.796
39.636.382
179.632,729
891.375 3.778.235
73.531,465
15,000 158,813
4.955.586
$ 262.963.203
20
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Statement B
STATEMENT OF ACTIVITIES Governmental Activities Fiscal Year Ended June 30. 2009
Functions/programs: Govemmental Activities:
Instnjctional Servioes: Regular programs Special programs Adult/continuing education
Support services: Pupil support services Instmctional staff support services
General administration School administration Business servk:e5 Plant services Student transportation sen/ices Central sen/ices Community service programs Food service operations
Debt service - interest on long-temi obligations
Total govemmental activities
Expenses
$ 39,124,235 5,829,382
211,629
2,742.254
3.961,060 1,382.616 2,868,132
666,384 8,216.740 2,927,631
733,819 4,100
3,135,325
624.240
$ 72,627.547
Program
Charges for services
$ 72.630 --
-
--------
291,330
-
$ 363,960
revenues Operating grants and
contributions
$21,663,230 1,545,212
146,670
1.057,004
2.629,779 14,950
798,238 156,069
29.340.238 255.063 100.436
-1,670.369
.
$ 59,377.258
Net (expenses) revenues and changes in net assets
$ (17.388.375) (4,284,170)
(64.959)
(1,685,250)
(1.331.281) (1.367,666) (2,069,894)
(510.315) 21.123,498 (2.672,568)
(633,383) (4,100)
(1,173,626)
f824.2401
(12.886.329)
General revenues: Taxes:
Ad valorem taxes levied for general purposes Ad valorem taxes levied for debt serice purposes Sales taxes levied for salaries, benefits and general purposes
Grants and contributions not restricted to specific programs - Minimum Foundation Program Interest eamings Other
Total general revenues
9,620.229 3.242.818
11,260,126 18,111.348
742,704 22itl3
43.000.138
Changes in net assets
Net assets at beginning of year, as previously reported
Net assets at end of year
30,113.809
232,849,394
$ 262,963,203
SEE ACCOMPANYING NOTES TO BASIC RNANCIAL STATEMENTS
21
1
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22 ]
BASIC FINANCIAL STATEMENTS:
FUND FINANCIAL
STATEMENTS
tT BERHUtD PARISH SCHOOL KURD ChiteMl*, U u u n a
OOVtRHHEHTM. FUNDS
JvntSe, K M
ASSETS Cath and caM a a v M a a
OOwaaBA
lOTALASSITS
UASIUTIES AMD FUND BALANCE
Awaiiwtii. aMaftaa mm otnm aa* laa martuMoarvIN
OENERAt
s ii.sat.i7i I.I7T.t1B
1T.II3.001
l.?S7,0tt
LUHCM FUND
1 770 034 M.WI n . M t
110.1M
HJIOICANE eOUGATlON
MCOVERVACr-IVMEDIATEAIO
TO RESTAAT
1 111.1IT 1.7J1.977
FEMA PROJECT
1 S.01B,3n i4«3«.4aB
AOVALOREU TAJIBOW smMNO
1 3.011,9»
CAfflAl PROJECTS
1 ft.3Va,H3
n.MJ,7M
OT>«R OOVERNWEMTAL
FUNDS
1 1.90121B 3.344,736
1104C
T0IAL8
t KI.3D3.37S 31.073 313 40.SJ4.I37
110. t»0 1,7?7,0H
I *?.w.m
J,07I,«7T 73,1««.lll
1,*77,SW
I 7H.M0 I •.401.SI3 1.0M.7H tl.Me.H7
W.WJ.IOP
I 73.S02,7TI J£LS31 ' '<l™.>«
1 I1.SS7.I1S 40.S71.IIU
t,577.»r
?.»*tf i t i
le t * FuM BiUnca _
TOTAL UABUTWS AND FUND BALANCE 1.
SEE ACCOMPA/TTMO NOTES TO ftAStC nNANClAL ETATEUEmS
Ul.433
e.lWff79
»1.17S i w ^ ' w ^ M ' * « 9H.IM
1.S4a.7W I H.IS4.7M
4.if4.Ma
71.731.140
1U.I1) S.ITS.tll
3.037.158 I n , l « . 7 7 S I 1.IS4.8C1 1 143.731. W3
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Reconciliation of the Govemmental Funds Balance Sheet to the Statement of Net Assets
June 30, 2009
Statement D
Total fund balances, govemmental funds
The cost of capital assets (land, buildings, fumiture and equipment) purchased or constmcted is reported as an expenditure in governmental funds. The Statement of Net Assets includes those capital assets among the assets of the School Board as a whole. The cost of those capital assets is allocated over their useful lives (as depreciation expense) to the various programs reported as governmental activities in the Statement of Activities. Because depreciation expense does not affect fmancial resources, it is not reported in govemmental fiinds.
$ 89,311.722
Cost of capital assets Depreciation expense to date
Elimination of interfund assets and liabilities:
$219,161,604 (22.343.875^ 196,817,729
Interfund assets Interfund liabilities
($40,534,127) 40.971.089 436,962
Net assets of the intemal service fund reported as proprietary fund type in the fund financial statements but included as govemmental activities in the govemment-wide fmancial statements less interfund receivable eliminated in the consolidation into the govemmental activities.
Total net assets $1,442,842 1,442,842
Long-term liabilities applicable to the School Board's govemmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities, both current and long-term, are reported in the Statement of Net Assets.
Balances at June 30,2009 are: Long-term liabilities:
Compensated absences payable Bonds payable Community disaster loan payable OPEB obligation payable
Interest payable
Total Net Assets - Govemmental Activities
($2,777,182) (17,185.000) (4,524,325)
(306,135) (253.410^ (25.046.052^
$262.963.203
SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
24
ST eeANAAOPAfltSH SCHOOL BOARD
COVERNMEKTAL FUNDS BUttff lM o( RavwH and ChcnQaa tn F«n4 BabnMa For Oia Yaaf EMad Juna 30.20
Ad Sam and UM t n
• 1 unS
Food aarrtoa ncwua Ma i t i l aafnnBt OM)
OENERAL FUte
1 S,B20,Z2g io.ass,2ii
i)O.Ji« 73.SN
10BJ1S 1.SJ1.3B7
\r,4H,SM 7,005,147
LUNCM FUND
1
201.3M s.as
015.650
HURRICANE EOucAnoN
RECOVCTVACT-lUyeOUTEAiO TO RESTART
SCHOOLS
1
•
•
FEMA PROJECT
FUNO
•
AO VALOREM TAXeOfO SMUNO
FUNO
• 3.3-ai.SU
32,«1
CAPilAt OTHER PROJECTS GOVERNMEWAL
FUND rUWOS TOTAiJ
12.163.047 11.260. )2S
I M J i e 72.S30
m . H O 741.704
10.111.141 7,157,037
.94«.03> J2L22i
• P O " * " J V » " » « 7 J » 3 r a »
1,214,711 H. 724.291
1J77.U0 50.354.007
10^0>2.05S
exppfffimjREB Cunant
OananJi
C«f*ai aarvicaa Camnuncy MTrtea praoranw
Faodcy OctiaarMCt
Total Ej^anttufaa
EXCESS (DEFCCNCY) OF REVENUES OVER (UNOERl CXPCNOmjRES
OT>Cn FHANCWO SOURCES (USESt. Inautnca iMCaada trttn looa Sala of capa«I aNata
Trenatanoul
Tout Oow tmanofio Souna* (Utta)
NET CHIWCG M FUND BALANCES
FUNO BALANCES AT BEOINNINO OF YEAR
FIM> BALAMCE8 AT END OF VEM
21.132.004 4.214.170
04.B59
1.«9,390 1,^3,120 1,11 r.TW 2.0M.02S
910.530 B.&5a.4oa 2.fle3JSl
530.430
43.038.275
3,SM.022
3«S 001.713
(WS7D.OO0)
... («.»'.»"» iB,Ml.»31)
IB.SM.OU
1 . 13,«64,14B
3.W7.9M
(514,374)
3H.00D
etfitt |1W,374)
1.007.741
«9t.37S
0.799. i n 553,503
11.SH
a 7 , s i i 489.420
14.S90 rts.231 •D,4S1
5*7,315 1S1.T34 ira.43a
m06S.42j
3,000.510
69.011 743.004
25,290 57.071.554
00.977.043
(39.012. WSt
13.705,000 ()4.S29t
13.750.171
(15J52,024|
13734.W9
1 12SI7.1151
•4.50J
1.790.000 oor.s i i
2.09Z010
573.713
.
.
573,763
3.403.370
I 3,037,159
,
. 175^073
4.025.790
5.000.603
137.516
io.Doo.cno 113.795.0001
(3,607.4»4)
17.871.5341
S1.3CO.09i
% 73.531.465
i 131.039 H1.7aS
114.975
S6I.3M 2.WD.3S3
B3.33S
11.426
590.000 34.090
ft.s7e.e73
093.421
. )!S6.M3|
)!«.9531
B0.4S6
) 914.900
15,B35t717 5,S39.3a3
311.039
3.743.244 4,233.906 1.J37.341 3.»«.ie3
666.596 6.303.150 1917,340
8301864 4.100
3.134,011 01.047,344
2.340.000 143.10J
1H499.452
(26.417.J931
127,910 3«9
74.704.707 C3S.36S.7S3I
1344.3191
(28,761.613)
V " , " \ ^ SEE ACCOUPANYMO NOTCO TO OAStC FINANCIAL STATEUENTB
Statement F ST. BERNARD PARISH SCHOOL BOARD
Chalmette, Louisiana
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in
Fund Balances to the Statcnwnt of Activities
For the year ended June 30, 2009
Total net change in fund balances - govemmental funds ($28,761,612)
Amounts reported for governmental activities in the Statement of Activities are difTercnl because:
Capital outlays are reported in governmental funds as expenditures. However, in the Statement of Activities, Ihe cost of those assets is allocated over their estimated useful lives as depreciation expense. The amount by which depreciation expense exceeded the cost of capital outlays in the current period is as follows:
Capital outlay additions $65,367,770 Capital asset disposals (net) (1,327,844) Depreciation expense f7.755.462) 56,284,464
All revenues, expenses and changes in fund net assets of the intemal service fund arc reported as proprietary fund type in the fund financial statements, but included as govemmental activities in ihe govemment wide financial statements.
Net gain (internal service fund) 486,450
The issuance of long-term debt provides current financial resources of govemmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has an effect on net assets:
Repayment of bond principal 2,340,000
In the Statement of Activities, certain operating expenses - compensated absences (vacations and sick leave) - are measured by amounts earned during the year. In Ihc governmental funds, however, expenditures for Ihesc items are measured by the amount of financial resources used (essentially, the amounts actually paid). This year, vacation and sick time paid exceeded the amounts earned by S52,7I9 52,719
In 2008-2009 the School Board implemented GASB 45. GASB 45 requires that an obligation for other post-employment benefits be accrued within the School Board's financial statements. The current OPEB obligation which has been accrued but not paid is $306,135 (306,135)
Interest on long-term debt in the Statement of Activities differs from the amount reported in the govemmental funds due to the fact that interest is recognized as an expenditure in the funds when it is due, and thus requires the use of current financial resources. In the Statement of Activities, however, interest expense is recogni/id as the interest accrues, regardless of when it is due. 17.923
Change in net assets of governmental activities $30.113.809
SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
26
ST. BERNARD PARISH SCHOOL BOARD Statement G Chalmette, Louisiana
PROPRIETARY FUND TYPE - INTERNAL SERVICE FUND Woricers' Compensation Fund Statement of Net Assets June 30, 2009
ASSETS:-Current: Cash and cash equivalents $ 1,599,272 Interfund receivable 436,962 Prepaid expenses 35.615
TOTAL ASSETS 2,072.049
LIABILITIES AND NET ASSETS; Liabilities: Current: Accounts, salaries and other payables 192.245
Total Liabilities 192,245
Net Assets:
Unrestricted 1,879,804
TOTAL LIABILITIES AND NET ASSETS $ 2,072.049
SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
27
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
PROPRIETARY FUND TYPE - INTERNAL SERVICE FUND Woricers' Compensation Fund Statement of Revenues, Expenses and
Changes in Fund Net Assets For the Year Ended June 30, 2009
Statement H
OPERATING REVENUES: Billings to General Fund Billings to Lunch fund
Total Operating Revenues
OPERATING EXPENSES: Claims Claims administration and loss control Excess insurance premiums
Other operating expenses
Total Operating expenses
OPERATING GAIN
NON-OPERATING REVENUES: Interest earnings
GAIN BEFORE TRANSFER
TRANSFER IN
CHANGE IN NET ASSETS
NET ASSETS AT BEGINNING OF YEAR
NET ASSETS AT END OF YEAR
SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
414.962 60.000
474.962
350,529 26,121 35,245 63,067
474.962
14,450
14,450
472.000
486.450
1,393,354
$ 1,879.804
28
ST. BERNARD PARISH SCHOOL BOARD Statement I Chalmette, Louisiana
PROPRIETARY FUND TYPE • INTERNAL SERVICE FUND Workers' Compensation Fund Statement of Cash Ftows For the Year Ended June 30. 2009
CASH FLOWS FROM OPERATING ACTIVITIES: Cash received from General Fund Cash received from Lunch Fund Cash paid for salaries and benefits Cash paid to claimants Cash paid for claims administration and k)ss control Application fee and assessment paid Excess Insurance premiums paid OfFlce expense paid
Net cash used in operating acth/itles
CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES:
Transfers In
Net cash provided by non-capital financing activities
CASH FLOWS FROM INVESTING ACTIVITIES: Interest received
Net cash provided by investing acth/ities
NET INCREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS AT END OF YEAR
Reconciliation of Operating Gain to Net Cash Used In Operating Activities:
Operating Gain $
Changes in Assets and Liabilities: Increase in interfund receivable (136.962) Increase in prepaid expenses (3.367) Increase in accounts payable 6,259
Net Cash Used in Operating Activities $ (134.090)
SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
$ 278,000 60,000 (29.343)
(350.793) (19.598) (33.491) (38.632)
(233)
(134.090)
472.000
472.000
14.450
14.450
352.360
1.246.912
$ 1,599.272
29
ST BERNARD PARISH SCHOOL BOARD Statement J Chalmette, Louisiana
FIDUCIARY FUNDS Statement of Fiduciary Assets and Liabilities June 30. 2009
ASSETS: Cash and cash equivalents
TOTAL ASSETS
LIABILITIES: Deposits due others
TOTAL LIABILITIES
SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
$
$
$
$
952.733
952.733
952,733
952,733
30
TfflS PAGE LEFT BLANK INTENTIONALLY
31
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
L ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. ORGANIZATION
The St. Bemard Parish School Board (the School Board) was created by Louisiana Revised Statute (LSA-R.S.) 17:51 to provide public education for the children within SL Bemard Parish. The School Board is authorized by LSA-R.S. 17:81 to establish policies and regulations for its own govemment consistent with the laws of the State of Louisiana and the regulations of the Louisiana Board of Elementary and Secondary Education. The School Board is comprised of eleven members who £ire elected from eleven districts for teims of four years.
The School Board operated eight facilities during the 2008-2009 school year to serve all Parish students. Andrew Jackson Elementary School, Joseph Davies Elementary School, J.F. Gauthier Elementary School and W. Smith Elementary School served all pre-K - fifth grade students, N.P. Trist Middle School and St. Bemard Middle School served all sixth -eighth grade students, Chalmette High School served all ninth - twelfth grade students, and C.F, Rowley Altemative School served as the district's altemative school Enrollment for the 2008-2009 was 4,802. In addition, the School Board provides transportation and school food services for the students.
B. REPORTING ENTITY
The basic criterion established by the Govemmental Accounting Standards Board for including potential component units within the reporting entity is financial accountability. For financial reporting purposes, the School Board includes all funds and activities for which the School Board exercises financial accountability. Certain units of local govemment, over which the School Board exercises no financial accountability, such as the parish council, other independently elected parish officials, and municipalities within the parish, are excluded from the financial statements. These units of govemment are considered separate reporting entities and issue financial statements separate from the School Board. The School Board is not a component unit of any other entity and does not have any component units which require inclusion in the basic financial statements.
32
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30,2009
C. FUNDS
The School Board uses funds to maintain its financial records during the year. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions relating to certain School Board functions or activities.
A fund is defined as a separate fiscal and accounting entity with a self-balancing set of accounts.
Funds of the School Board are classified into the following categories: govemmental, proprietary and fiduciary.
Governmental Funds
Govemmental funds account for most of the School Board's general activities, including the collection and disbursement of specific or legally restricted monies, the acquisition or constmction of capital assets, and the servicing of general long-term obligations. Govemmental funds include:
1. General Fund - the primary operating fimd of the School Board: This fund is used to account for all financial resources except those required to be accounted for in other funds.
2. Special Revenue Funds - account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes, or designated by the School Board to be accounted for separately.
3. Debt Service Funds - account for transactions relating to resources retained and used for the payment of principal, interest and related costs on long-term obligations.
4. Capital Projects Fund - accounts for financial resources received and used for the acquisition, constmction or improvement of capital facilities not reported in the other govemmental funds.
5. Permanent Fund - accounts for financial resources that are legally restricted to the extent that only eamings generated, and not principal, may be used to support programs.
33
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
Proprietary Fund Type - Intemal Service Fund
Proprietary funds account for activities similar to those found in the private sector where the determination of net income is necessary or useful for sound financial administration. Proprietary funds differ from govemmental funds in that their focus is on income measurement which, together with the maintenance of equity, is an important financial indicator. The School Board has one proprietary fund - the Workers' Compensation Intemal Service Fund. This fund accounts for the financing of the School Board's self insurance program for workers' compensation.
In the Proprietary ftind, current claims expenses or increases in claims estimates occurring in the current period are considered operating expenses. Revenues received from the General and Lunch Funds which are related to these operating expenses are considered operating revenues. Interest eamed on bank accounts or monies received firom other funds which exceed their allocated share of the current operating expenses of the Proprietary Fund are considered non-operating revenues or transfers-in to the fund.
Fiduciary Fund Type
Fiduciary fiands account for assets held on behalf of outside parties, including other govemments, or on behalf of other funds within the School Board. Fiduciary funds include:
Agency Funds - account for assets held by the School Board on behalf of other funds and as an agent for the individual schools, school organizations and employees. These fiinds are custodial in nature (assets equal liabilities) and do not involve measurement or results of operations. Consequently, the agency fund has no measurement focus, but does use the accrual basis of accounting.
D. BASIS OF ACCOUNTING / MEASUREMENT FOCUS
Government-Wide Financial Statements (GWFS)
The Statement of Net Assets and Statement of Activities display information about the reporting govemment as a whole. Fiduciary funds are not included in the GWFS. Fiduciary funds are reported only in the Statement of Fiduciaiy Net Assets at the fund financial statement level.
34
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
The Statement of Net Assets and Statement of Activities were prepared using the economic resources measurement focus and the accmal basis of accounting. Revenues, expenses, gains, losses, assets and liabilities resulting from exchange and exchange-like transactions are recognized in accordance with the requirements of GASB Statement No. 33, Accounting and Financial Reporting for Nonexchange Transactions.
Intemal Activities: The Workers' Compensation Intemal Service Fund provides services to the Govemmental Funds. Accordingly, the intemal service fund activities were rolled up into the govemmental activities. Pursuant to GASB 34, as much as possible, the intemal activities have been eliminated in order to avoid the "grossing up" effect of a straight inclusion. Interfund services provided and used are not eliminated in the process of consolidation.
Program Revenues: Program revenues include 1) charges for services provided, 2) operating grants and contributions and 3) capital grants and contributions. Program revenues reduce the cost of the function to be financed from the School Board's general revenues. Charges for services are primarily derived ft-om cafeteria sales and miscellaneous student fees. Operating grants and contributions consist of the many educational grants received from the federal and state govemment.
Allocation of Indirect Expenses: The School Board reports all direct expenses by function in the Statement of Activities. Direct expenses are those which are clearly identifiable with a function. Depreciation expense is specifically identified by fiinction and is included in the direct expenses of each ftinction. Interest on general long-term debt is considered an indirect expense and is reported separately in the Statement of Activities. Other indirect expenses are not allocated.
Fund Financial Statements (FFS)
Govemmental Funds
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. Govemmental fund types use the flow of current financial resources measurement focus and the modified accmal basis of accounting. Under the modified accrual basis of accounting, revenues are recognized when they are measurable and available, "Measurable" means the amount of the transaction can be determined and "available" means collectable within the current period or soon enough thereafter to pay liabilities of the current period. The School Board considers all revenues available if they
35
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
are collected within 60 days after year-end. Expenditures are recorded when the related fund liability is incurred, except for principal and interest payments on general long-term debt which is recognized when due, and certain compensated absences and claims and judgements which are recognized when the obligations are expected to be liquidated with expendable available financial resources.
With this measurement focus, only current 2issets and current liabilities are generally included on the balance sheet. Operating statements of these funds present increases and decreases in net current assets. The goverrunental fiinds use the following practices in recording revenues and expenditures:
Revenues
Revenues are recognized when they become measurable and available.
Federal and state entitlements (which include state equalization and state revenue sharing) are recorded as unrestricted grants-in-aid when available and measurable. Revenues from federal and state grants are accmed when the School Board has a right to reimbursement under the related grant, generally corresponding to the incurring of grant related costs by the School Board.
Ad valorem taxes are recorded in the year the taxes are levied, due and payable. Ad valorem taxes are assessed on a calendar year basis and finance the budget of the current fiscal year. The taxes become due on December I sl of each year, and become delinquent on December 31 St. The taxes are generally collected in December, January and Febmary of the fiscal year. Ad valorem taxes due at June 30, 2009 have been accmed as revenues in the 2008-2009 fiscal period.
Food services income is recorded as operating revenue when collected. All food services income applicable to an accounting period is collected during that accounting period.
Interest eamings on time deposits are recorded when the time deposits have matured and the interest is available.
Sales and use tax revenues are recorded in the accounting period in which they become measurable and available to finance expenditures of the fiscal period.
Substantially all other revenues are recorded when received.
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
Expenditures
Salaries are recorded as expenditures when eamed. Teachers' salaries are earned over a 9-month period but are paid over a 12-month period.
Purchases of various operating supplies, excluding inventory items in the School Lunch Fund which are recorded as expenditures when consumed, are recorded as expenditures in the accounting period in which they are purchased.
Compensated absences are recognized as expenditures when leave is actually taken or when employees (or heirs) are paid for accmed leave upon retirement or death. Compensated absences are reported in govemmental funds only if they have matured.
Principal and interest on general long-term debt are recognized when due.
Substantially all other expenditures are recognized when the related fund liability has been incurred.
Other Financing Sources (Uses)
Transfers between funds that are not expected to be repaid, the sale of capital assets and proceeds of debt issued are accounted for as other financing sources (uses). These other financing sources (uses) are recognized at the time the underlying events occur.
Major Funds
The School Board reports the following major govemmental funds:
The General Fund is the primary operating fund of the School Board. It is used to account for all financial resources except those required to be accounted for in other funds.
The Lunch Fund is a special revenue fund used to account for revenues and costs associated with providing nutritious meals to school children and employees.
The Hurricane Education Recovery Act - Immediate Aid lo Restart Schools Fund is a special revenue fund used to account for federal revenues granted to provide immediate services or assistance to local educational agencies in Louisiana,
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
Mississippi, Alabama and Texas that serve an area in which a major disaster has been declared related to Hurricane Katrina or Hurricane Rita; and to assist school administrators and personnel of such agencies with expenses related lo the restart of operations in, the re-opening of, and the re-enrollment of students in elementary and secondary schools in such areas.
The FEMA Project Fund is a Special Revenue Fund used to account for financial resources used for projects associated with the district's recovery following Hurricane Katrina.
The Ad Valorem Tax Bond Sinking Fund is a debt service fund used to account for the accumulation of resources for, and the payment of, general obligation debt principal, interest and related costs.
The Capital Projects Fund is used to account for financial resources lo be used for the acquisition or conslmcfion of major capital facilities.
Additionally, the School Board reports the following non-major funds:
Special revenue funds - Special revenue funds are used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes.
Debt service funds - The debt service funds are used to account for the accumulation of resources for, and the payment of, debt principal, interest and related costs.
Permanent Fund- Permanent fiinds are used to report resources that are legally restricted to the extent that only eamings generated, and not the principal, may be used to support programs. The School Board has one permanent fimd, the Joseph Accardo Scholarship Fund.
Proprietary fund - Internal service fund - The Intemal Service Fund is used to account for the School Board's workers' compensation self insurance program.
Fiduciary fund - School activity agency fund - The school activity agency fimd is used to account for assets held by the School Board as an agent of other parties. The school activity agency fimd is custodial in nature (assets equal liabilities) and does not involve measurement of results of operations.
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
Deferred Revenues
Deferred revenues arise when monies are received prior to the incurrence of qualifying expenditures. In subsequent periods, when the School Board has a legal claim to the resources, the liability for deferred revenue is removed from the Balance Sheet and revenue is recognized.
E. BUDGETS
The following summarizes the budget activities of the School Board:
Public notices July 4,2008
Completed and available for public inspection July 4, 2008
Public hearings July 22, 2008
Board adoption July 22,2008
The School Board legally adopts budgets for the General Fund and Special Revenue Funds. Formal budget integration is employed as a management control device. The School Board approves budgets at the fund level, which is the legal level, giving management the authority to transfer amounts among line items within any fund. When actual revenues within a fimd fail to meet budgeted revenues by five percent or more and/or actual expenditures within a fijnd exceed budgeted expenditures by five percent or more, a budget amendment is adopted by the School Board in an open meeting. Budget amounts included in the accompanying financial statements include the original adopted budget and all subsequent amendments. The budgets are prepared on a basis which differs from generally accepted accounting principles in that the School Board's budget includes encumbered amounts. Accordingly, the budgetary basis expenditure data reflected in the Budgetary Comparison Schedule - General Fund (Exhibit 1) includes encumbrances and, thus, differs from the expenditure data reflected in the Statement of Revenues, Expenditures and Changes in Fund Balances -Govemmental Funds (Statement E) by the amount of encumbrances outstanding at year end. Unencumbered appropriations lapse at year-end.
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
F. ENCUMBRANCES
Commitments relating to outstanding purchase orders and contracts for goods and services are recorded as encumbrances in order to reserve the applicable portion of the appropriation. Encumbrances outstanding at year end are reported as reservations of fund balances since they do not constitute expenditures or liabilities but represent authority for expenditures in the subsequent year. Encumbered appropriations lapse at year end but are reappropriated in the subsequent fiscal year. As materials are subsequently received and contracts are executed, liabilities are recorded and the related encumbrances are liquidated.
G. DEPOSITS AND INVESTMENTS
Cash includes amounts in demand deposits and interest bearing demand deposits. Cash equivalents include amounts in time deposits, all of which are certificates of deposit, the amount invested in the Louisiana Asset Management Pool (LAMP), and the amount maintained in the Education Excellence Fund. Under state law, the School Board may deposit funds in demand deposits, interest bearing demand deposits, money market accounts, or time deposits with state banks organized under Louisiana law and national banks having their principal offices in Louisiana.
State statutes authorize the School Board to invest in the following types of securities:
(1) Direct U.S. Treasury obligations, the principal and interest of which are fiilly guaranteed by the U.S. Govemment.
(2) Fully-collateralized certificates of deposit issued by qualified commercial banks and savings and loan institutions located within the State of Louisiana. In addition, local govemments in Louisiana are authorized to invest in the Louisiana Asset Management Pool, Inc. (LAMP), a non-profit corporation formed by an initiative of the State Treasurer and organized under the laws of the Slate of Louisiana, which operates a local govemment investment pool.
Investments in LAMP are stated at fair value based on quoted market rates. The fair value is determined on a weekly basis by LAMP and the value of the position in the extemal investment pool is the same as the value of the pool shares.
(3) Bonds, debentures, notes or other evidence of indebtedness issued or guaranteed by federal agencies, or by U.S. govemment instrumentalities
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ST, BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30,2009
which are federally sponsored, and provided such obligations are backed by the full faith and credit of the U.S. govemment.
(4) Direct repurchase agreements of any federal bank entry only securities enumerated in paragraphs (1) and (3) above. "Direct security repurchase agreement" means an agreement under which the political subdivision buys, holds for a specified time, and then sells back those securities and obligations enumerated in paragraphs (1) and (3) above.
(5) Mutual or tmst fimd institutions which are registered with the Securities and Exchange Commission under the Securities Act of 1933, and the Investment Act of 1940, and which have underlying investments consisting solely ofand limited to securities of the U.S. govemment or its agencies.
For purposes of the Statement of Cash Flows, the School Board considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.
H. SHORT-TERM INTERFUND RECEIVABLES/PAYABLES
During the course of operations, short-term loans occur between individual fimds. These short-term interfund loans are classified as interfund receivables/payables.
I. INVENTORY
Inventory of the School Lunch Fund consists of food purchased by the School Board and commodities granted by the United States Department of Agriculture through the Louisiana Department of Agriculture and Forestry. The commodities are recorded as revenues when received; however, all inventories are recorded as expenditures when consumed. All purchased inventory items are valued at cost (first-in, first-out), and commodities are assigned values based on information provided by the United States Department of Agriculture.
J. CAPITAL ASSETS
Capital assets are capitalized at historical cost. Donated assets are recorded as capital assets at their estimated fair market value at time of donation. The School Board maintains a threshold level of $5,000 or more for capitalizing capital assets.
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30,2009
Capital assets are recorded in the Govemment-Wide Financial Statements, but are not reported in the Fund Financial Statements. Since surplus assets are sold for an immaterial amount when disposed of by the School Board, no salvage value is taken into consideration for depreciation purposes. All capital assets, other than land, are depreciated using the straight-line method. Estimated useful life is management's estimate of how long the asset is expected to meet service demands. The estimated usefiil lives of capital assets are as follows:
Buildings 25-45 years Land Improvements 10-25 years Building Improvements 20 years Fumiture and Equipment 1-15 years Vehicles 5-8 years
K. COMPENSATED ABSENCES
Sick Leave
Teachers accme 10 to 14,5 days of sick leave each year, which may be accumulated without limitation. Other nine-month employees accme 10 to 12 days of sick leave each year, which may be accumulated without limitation. Upon retirement or death, unused accumulated sick leave of up to 25 days is paid to the employee or to the employee's estate at the employee's current rate of pay.
Twelve-month employees accme from 12 to 18 days of sick leave each year, depending upon their length of service with the School Board. Upon retirement or death, unused accumulated leave of up to 25 days is paid to the employee or to the employee's estate at the employee's current rate of pay.
The amount of sick leave expenditure reported in the General Fund and the Lunch Fund for the fiscal year is the amount actually claimed by employees during that period. A liability of $1,625,102 is accmed for sick leave salaries and related payments.
Vacation Leave
All 12-month employees are entitled to vacation leave which must be approved by the Superintendent. Employees cam from 5 to 20 days of vacation leave each year depending on their length of service. Vacation leave may be accumulated without limitation. Upon
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
retirement, resignation or death, unused vacation leave up to 60 days eamed prior to July 1, 1988 is paid to the employee or to the employee's estate at the employee's current rate of pay. The amount of vacation claimed during the fiscal year is the reported expenditure for that period in the General Fund and the Lunch Fund. A liability of $325,799 has been accmed for vacation salaries and related payments. This liability represents accumulated vacation at June 30, 2009, none of which met the condition for accrual in the General Fund and thus will not be retired from expendable available financial resources.
Sabbatical Leave
Sabbatical leave may be granted for rest and recuperation or for professional and cultural improvement. Any employee with a teaching certificate is entitled, subject to approval by the School Board, to one semester of sabbatical leave after three years of continuous service or two semesters of sabbatical leave after six or more years of continuous service. Sabbatical leave benefits are recorded as expenditures in the period paid. Unused sabbatical leave may be carried forward to one or more periods subsequent to that in which it is eamed, but no more than two semesters of leave may be accumulated. Sabbatical leave benefits are not paid upon retirement or termination. All sabbatical leaves must be approved by the School Board.
The cost of leave privileges, computed in accordance with GASB Codification Section C60, is recognized as a current-year expenditure in the govemmental funds when leave is actually taken.
At June 30,2009 the amount of salary related payments accumulated for sabbatical leave was $826,281, none of which met the condition for accmal in the govemmental fiinds and thus will not be retired from expendable available financial resources; hence, the entire amount is accmed and reported in the Statement of Net Assets.
A liability for compensated absences is reported in the govemmental fimds if they have matured and become payable (i.e., upon resignation or retirement of the employee).
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30,2009
L. OTHER POST-EMPLOYMENT BENEFITS (OPEB)
Plan Description
The St, Bemard Parish School Board's medical benefits are provided through the Louisiana Office of Group Benefits (OGB) and involve statewide networks and one HMO with a premium stmcture by region.
The OGB plan is a fiilly insured, multiple-employer arrangement and has been deemed to be an agent multiple-employer plan (within the meaning of paragraph 22 of GASB 45) for financial reporting purposes and fro this valuation. The OGB "Medicare Advantage" plan has been assumed as an altemative to those employees after Medicare eligibility for purposes of this valuation.
Life insurance coverage under the OGB program is available to retirees by election and the blended rate (active and retired) is $0.96 per $1,000 of insurance. The employer pays 50% of the cost of the retiree life insurance. Since GASB 45 requires the use of "unblended" rates, we have used the 94GAR mortality table described below to "unblend" the rates so as to reproduce the composite blended rate overall as the rate stmcture to calculate the actuarial valuation result for life insurance. All of the assumptions used for the valuation of the medical benefits have been used except for the trend assumptions; zero trend was used for life insurance. Insurance coverage amounts are reduced at age 65 and again at age 70 according to the OGB plan provisions.
Contribution Rates
Employees do not contribute to the post employment benefits costs until they become retirees and begin receiving those benefits. The plan provisions and contribution rates are contained in the official plan documents.
Fund Policy
Until 2008, the St. Bemard Parish School Board recognized the cost of providing post-employment medical and life benefits (St. Bemard Parish School Board's portion of the retiree medical and life benefit premiums) as an expense when the benefit premiums were due and thus financed the cost of the post-employment benefits on a pay-as-you-go basis. In 2008/2009, St. Bemard Parish School Board's portion of the health care fimding cost for retired employees totaled $4,171,269, and the life insurance totaled $38,954.
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
Effective with the Fiscal Year beginning July 1,2008, St. Bemard Parish School Board implemented Govemment Accounting Standards Board Statement Number 45, Accounting and Financial Reporting by Employers for Post Employment Benefits Other than Pensions (GASB 45).
Annual Required Contribution
St. Bemard Parish School Board's Annual Required Contribution (ARC) is an amount actuarially determined in accordance with GASB 45. The ARC is the sum of the Normal Cost plus the contribution to amortize the Actuarial Accmed Liability (AAL). A level dollar, closed amortizafion period of 30 years (the maximum amortization period allowed by GASB 43/45) has been used for the post-employment benefits. The total ARC for the fiscal year beginning July 1, 2008 is $4,332,223 for medical, and $184,135 for life, as set forth below:
Medical Life Normal Cost $ 1.154,791 $ 24,259 30-year UAL amortization Amount 3.177.432 159.876
Annual required Contribution (ARC) $ 4.332.223 $ 184.135
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30,2009
Net Post-Employment Benefit Obligations
The table below shows St. Bemard Parish School Board's Net Other Post-Employment Benefit (OPEB) Obligation for fiscal year ending June 30, 2009:
Medical Beginning Net OPEB Obligation 7/1/2008 Annual Required Contribution Interest on Net OPEB Obligation ARC Adjustment OPEB Cost Contribution Current year retiree premium Change in Net OPEB Obligation Ending Net OPEB Obligation 6/30/2009
0 4,332,223
0 Q_
4,332,223 0
(4.171.269^
Life
.160.954
$ 0 184,135
0 0_
184,135 0
(38.954;! 145.181
$ 160.954 $145.181
The following table shows St. Bemard Parish School Board's annual post-employment benefits (PEB) cost, percentage of the cost contributed, and the net unfunded post-employment benefits (PEB) liability:
Post Employment
Benefit Medical Life
Fiscal Year Ended
June 30,2009 June 30, 2009
Atmual OPEB Cost $4,332,223 $ 184,135
Percentage Of Annual
Cost Contributed
96.28% 21.16%
Net OPEB Obligation $160,954 $145,181
Funded Status and Funding Progress
In the fiscal year ending June 30,2009, St. Bemard Parish School Board made no contributions to its post-employment benefits plan. The plan was not funded at all, has no assets, and hence has a fimded ratio of zero. As of July 1,2008, the first and most recent actuarial vzduation, the Accmed Actuarial Liability (AAL) was $54,944,858 (medical) and $2,764,697 (life), which is defined as that portion, as determined by a particular actuarial cost method (St. Bemard Parish School Board uses the Unit Credit Cost Method), of the
46
$ 54,944,858 0
$ 54.944.858 0%
$29,846,361
184.09%
$ 2,764,697 0
$ 2.764,697 0%
$29,846,361
9.26%
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
actuarial present value of post-employment plan benefits and expenses which is not provided by normal cost. Since the plan was not ftinded in fiscal year 2008-2009, the entire actuarial accmed liability of $54,944,858 (medical) and $2,764,697 (life) was unfunded.
_ Medical Life Actuarial Accmed liability (AAL) Actuarial Value of Plan Assets
Unfunded Act. Accmed Liability (UAAL) Funded Ratio (Act Val. Assets/AAL)
Covered Payroll (Active Plan Members)
UAAL as a percentage of covered payroll
Actuarial Methods and Assumptions
Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of events far into the future. The actuarial valuation of post-employment benefits includes estimates and assumptions regarding (1) tumover rate; (2) retirement rate; (3) heallh care cost and trend rate; (4) mortality rale; (5) discount rate (investment retum assumption); (6) the period to which the costs apply (past, current, or future years of ser\'ice by employees). Actuarially determined amounts are subject to continual revision as actual results are compared to past expectations and new estimates are made about the future.
The actuarial calculations are based on the types of benefits provided under the temis of the substantive plan (the plan as understood by St. Bemard Parish School Board and its employee plan members) al the time of the valuation and on the pattem of sharing costs between St. Bemard Parish School Board and its plan members lo that point. The projection of benefits for financial reporting purposes does not explicitly incorporate the potential effects of legal or contractual funding limitations on the pattern of cost sharing between St. Bernard Parish School Board and plan members in the future. Consistent with the long-term perspective of actuarial calculations, the actuarial methods and assumptions used include techniques that are designed to reduce short-term volatility in actuarial liabilities and the actuarial value of assets.
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
Actuarial Cost Method
The ARC is determined using the Unit Credit Cost Method, The employer portion of the cost for retiree medical care in each future year is determined by projecting the current cost levels using the healthcare cost trend rate and discounting this projected amount lo the valuation date using the other described pertinent actuarial assumptions, including the investment retum assumptions (discount rate), mortality, and tumover.
Actuarial Value of Plan Assets
Since this is the first actuarial valuation, there are not any assets. It is anticipated that in future valuations, should funding take place, a smoothed market value consistent with Actuarial Standards Board ASOP 6, as provided in paragraph number 125 of GASB Statement 45, will be used.
Turnover Rate
An age-related tumover scale based on actual experience as described by administrative staff has been used. The rates, when applied to the active employee census, produce an armual tumover of approximately 8%. The rate for each age are below:
Age 18-25 26-40 41-54
55+
Percent Tumover 18.0% 10.0% 8.0% 6.0%
Post-Employment Benefit Plan Eligibility Requirements
Il is assumed that entitlement to benefits will commence five years after earliest eligibility lo enter the Deferred Retirement Option Plan (DROP). This consists of a three year DROP period plus an additional two year delay. Medical benefils are provided to employees upon actual retirement from either the Teachers' Retirement System of Louisiana (TRSL) or the Louisiana School Employees' Retirement System (LSERS). The retirement eligibility (DROP entry) provisions in TRSL are as follows: 30 years of service at any age; age 55 and 35 years of service; or, age 65 and 20 years of service. The provisions in LSERS are the same except that eligibility applies at age 60 and 10 years of service also. Entitlement to benefits continue through Medicare to death.
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
Investment Return Assumption (Discount Rate)
GASB Statement 45 states that the investment retum assumption should be the estimated long-term investment yield on the investments that are expected to be used lo finance the payment of benefits (that is, for a plan which is funded). Based on the assumption that the ARC will not be funded, a 4% annual investment return has been used in this valuation. This is a conservative estimate of the estimated long term retum of a balanced and conservative investment portfolio under professional management.
Health Care Cost Trend Rate
The expected rate of increase in medical cost is based on projections performed by the Office of the Actuary at the Centers for Medicare & Medicaid Services as published in National Health Care Expenditures Projections: 2003 to 2013, Table 3: National Health Expenditures, Aggregate and per Capita Amounts, Percent Distribution and Average Armual Percent Change by Source of Funds: Selected Calendar Years 1990-2013, released in January, 2004 by the Health Care Financing Administration (www.cms.hhs.i?ovV "State and Local" rates for 2009 through 2013 from this report were used, with rates beyond 2013 graduated down to an ultimate annual rate of 5.0% for 2016 and later, as set forth below:
Calendar Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
2019 and Later
Rale 8.0% 8.0% 8.0% 7.9% 7.8% 7.7% 7.6% 6.7% 6.0% 5.0% 5.0%
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
Method of Determining Value of Benefits
The "value of benefits" has been assumed to be the portion of the premium after retirement dale expected to be paid by the employer for each retiree and has been used as the basis for calculating the actuarial present value of OPEB benefils lo be paid. The "Slate Share" premiums in the OGB medical rate schedule provided are "unblended" rates for active and retired as required by GASB 45 and have been used for valuation purposes. It has been assumed that ultimately an average of 50% of future retirees will elect the OGB Medicare Advantage program and that 50% of current retirees not on Medicare Advantage already wil do likewise in the future.
M. LONG-TERM DEBT
Long-term debt expected to be financed from goverrmienlal funds are reported in the Statement of Net Assets. Expenditures for principal and interest payments for long-term debt are recognized in the govemmental funds when due. Long-term debt expected to be financed from proprietary fund operations are accounted for in that fund.
N. FUND EQUITY
Restricted Net Assets
For the govemment-wide statement of net assets, net assets are reported as restricted when constraints on use are either extemally imposed by creditors, grantors, contributors or imposed by law or govemment regulation.
When both restricted and unrestricted resources are available for use, it is the School Board's policy to use restricted resources first, then unrestricted resources as they are needed.
Reserves
Reserves represent those portions of fund equity which are not appropriable for expenditures or have not been legally segregated for a specific future use.
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
Designated Fund Balances
Designated fund balances represent tentative plans for future use of financial resources.
O. INTERFUND TRANSACTIONS
Interfund services provided and used are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fimd for expenditures/expenses initially made from it that are properly applicable to another fund are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fiind that is reimbursed.
All other interfund transactions, except interfund services provided and used, are reported as transfers in or out.
P. SALES AND USE TAX
A five percent local sales and use tax is levied and collected within St. Bemard Parish of which two percent is received by the School Board. The sales and use lax received by the School Board is pledged as security for the sales tax bonds. The amount received in excess of the debt service requirements on the sales lax bonds may be used for any other lawful purpose.
The tax is collected by the Sl. Bemard Parish Sheriffs Office, except those taxes levied on the sale of motor vehicles, which are collected by the Stale of Louisiana. The Sheriffs Office receives a commission of eight percent on the gross amount of one and one-half percent of the two percent sales tax collected for the School Board. The Sheriffs Office receives no commission in the collection of the additional one-half percent. The sales tax revenues reported in the accompanying financial statements are shown net of the sheriffs commission.
Q. AD VALOREM TAX
The ad valorem tax is due and becomes an enforceable lien on property on the first day of the month following the filing of the tax rolls by the assessor with the Louisiana Tax Commission (usually December 1). The lax is delinquent thirty days after the due date. ITie tax is levied based on property values determined by the Si. Bemard Parish Assessor's Office. Land and improvements are assessed at 10 percent of fair market value and all other
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
property is assessed at 15 percent of fair market value. The tax is billed and collected by the Sl. Bemard Parish Sheriffs Office.
The following is a summary of authorized and levied ad valorem taxes:
Parishwide taxes: Constitutional Operations & Maintenance Operations & Maintenance Operations & Maintenance Bond and Interest
Authorized Millace
3.75 9.25 3.00
19.00 12.00
Levied Millaee
3.59 8.87 2.88
18.21 12.00
Expiration Date
Constitutional December 31, 2012 December 31, 2009 December 31, 2009 Various
R. ESTIMATES
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues, expenditures and expenses during the reported period. Actual results could differ from those estimates.
S. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
Deposits and Investment Laws and Regulations In accordance with state law, all uninsured deposits in financial institutions must be secured with acceptable collateral valued at the lower of market or par. The School Board was in compliance with the deposits and investment laws and regulations.
Excess of Expenditures over Appropriations The School Board had no funds which had expenditures that exceeded budgeted appropriations for the year ended June 30, 2009.
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ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
Deficit Fund Equity
As of June 30, 2009, the FEMA Project Fund had a fund deficit of $2,527,315. This deficit was due to the modified-accmal method of accounting whereby only those funds received within 60 days of year end were accmed.
2. CASH AND CASH EQUIVALENTS
At June 30, 2009, the School Board has cash and cash equivalents (book balances) totaling $82,755,380 as follows:
Interest-Bearing Demand Deposits $77,635,655 Time Deposits 292,000 Investment in LAMP 3,463,940 Investment in Education Excellence Fund 1.363.785
Total Cash and Cash Equivalents $82.755.380
These deposits are stated at cost, which approximates market. Under state law, deposits held by banks must be secured by federal deposit insurance or the pledge of securities owned by the fiscal agent bank or through letters of credit issued by the Federal Home Loan Bank. The market value of the pledged securities plus the federal deposit insurance and letters of credit must at all times equal the amount on deposit with the fiscal agent.
Custodial credit risk is the risk that in the event of bank failure, the School Board's deposit may not be returned to it. The School Board does not have a deposit policy for custodial credit risk. At June 30, 2009, the School Board has collected bank balances of $92,797,577. These deposits are secured from risk by $500,000 of federal deposit insurance, and $92,297,577 of pledged securities held by the custodial bank (Federal Reserve Bank) in the name of the School Board and fiscal agent bank or a letter of credit issued by the Federal Home Loan Bank, which serves to mitigate the custodial credit risk of the School Board's deposits.
Louisiana Revised Statutes 39:1229 imposes a statutory requirement on the custodian bank lo advertise and sell pledged securities within 10 days of being notified by the School Board that the fiscal agent has failed to pay deposited funds upon demand.
In accordance with GASB Codification Section 150.126, the investment in LAMP at June 30, 2009, is not categorized in the three risk categories provided by GASB Codification Section 150.125 because the investment is in the pool of funds and, therefore, not evidenced by securities that exist in physical or book entry form.
53
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
LAMP is administered by LAMP, Inc., a non-profit corporation organized under the laws of the State of Louisiana. Only local govemment entities having contracted to participate in LAMP have an investment interest in its pool of assets. The primary objective of LAMP is to provide a safe envirorunent for the placement of public funds in short-term, high quality investments. The LAMP portfolio includes only securities and other obligations in which local govemments in Louisiana are authorized to invest in accordance with LSA-R.S. 33:2955. Accordingly, LAMP investments are restricted to securities issued, guaranteed, or backed by the U.S. Treasury, the U.S. Govermnent, or one of its agencies, enterprises, or instmmentalities, as well as repurchase agreements collateralized by those securities.
Effective August 1, 2001, LAMP'S investment guidelines were amended to permit the investment in government-only money market funds. In its 2001 Regular Session, the Louisiana Legislature (Senate Bill No. 512, Act 701) enacted LSA-R.S. 33:2955(A)(l)(h) which allows all municipalities, parishes, school boards, and any other political subdivisions of the State to invest in "Investment grade (A-l/P-l) commercial paper of domestic United States corporations." Effective October I, 2001, LAMP'S Investment Guidelines were amended to allow the limited investment in A-1 or A-1 + commercial paper.
The dollar weighted average portfolio maturity of LAMP assets is restricted to not more than 90 days, and consists of no securities with a maturity in excess of 397 days. LAMP is designed to be highly liquid to give its participants immediate access to their account balances. The investments in LAMP are stated at fair value based on quoted market rates. The fair value is determined on a weekly basis by LAMP and the value of the position in the extemal investment pool is the same as the value of the pool shares.
LAMP, Inc. is subject to the regulatory oversight of the state treasurer and the board of directors. LAMP is not registered with the SEC as an investment company. LAMP eamed a Standard & Poor's rating of AAAm, the highest designation available.
Credit Risk: As disclosed previously, state statutes limit the investment type in which the School Board may invest.
54
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
3. RECEIVABLES
The receivables of $21,623,383 at June 30, 2009, are as follows:
Class of Receivable
Taxes:
General Fund
Sales and Use $1,550,674 Ad Valorem
Grants: Federal State
Other TOTAL
71,665
5,752 888,893
110,135 $2,627,119
Lunch Fund
$ --
52,362 -
.
$52,362
Hurricane Education
Recovery Act Immediate Aid
To Restart Schools
Fund
$ -
1,735,627 -
.
$ 1.735.627
FEMA Project Fund
$ --
Ad Valorem Tax Bond Sinking
Fund
$ •
25.633
14,838,406 -
.
-
.
S14.838.406 $25,633
Other Govemmental
Funds
$ 111,893 -
2,195,549 36,794
,
$ 2.344.236
Total
$ 1,662,567 97.298
18.827,696 925,687
110.135 $21.623.383
Management considers all of the receivables outstanding at June 30, 2009 to be fully collectible. As such, no provision for uncollectible receivables has been recorded. The receivable in the FEMA Project Fund pertains to expenditures incurred on obligated project worksheets. Reimbursement for these expenditures is subject to review and approval by state officials.
55
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
4. CAPITAL ASSETS
A summary of changes in capital assets follows:
Capital assets, not being depreciated: Land Construction in Progress
Total capital assets, not being depreciated Capital assets, t>eing depreciated: Buildings and Improvements Furniture and Equipment
Total capital assets, being depreciated
Less Accumulated Depreciation: Buildings and Improvements Furniture and Equipment
Total accumulated depreciation
Total capital assets, being depreciated, net
Capital assets, net
Balance iulyl, 2008
$ 934.696 61.841.947 62.776.643
86,054,601 6.820,825
92.875,426
11,838,798 3.280,006
15,118.804
77.756,622
$140,533,265
Additions
$ -56.701.495 56.701.495
4,583,344 4,082.931 8.666.275
3,687.269 4.068.193 7,755.462
910.813
$57,612,308
Deletions
$ -742.218 742.218
1,116,017 .
1,116.017
530,391 .
530.391
5S5.626
$ 1,327.844
Balance June 30, 2009
$ 934,696 117.801.224 118.735,920
89.521,928 10,903.756
100.425,684
14,995.676 7.348.199
22,343,875
78.081.809
$196,817,729
Depreciation expense of $7,755,462 for the year ended June 30, 2009 was charged to the following govemmenial functions:
Instmction: Regular programs Special programs
Support Services: Instmctional staff support General administration School administration Business services Plant services Transportation services Central Services
Total
$7,179,760 19,868
115,443 71,701
21,382 11,390 50,054
218,407 67.457
$ 7.755.462
56
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30,2009
5. RETIREMENT PLANS
Substantially all employees of the School Board are members of two statewide retirement systems. In general, professional employees (such as teachers and administrators) and lunchroom workers are members of the Teachers' Retirement System of Louisiana; other employees, such as custodial personnel and bus drivers are members of the Louisiana School Employees' Retirement System. These systems are cost-sharing, multiple-employer defined benefit pension plans administered by separate boards of trustees. Pertinent information, as required by the Governmental Accounting Standards Board Statement No. 27, relative to each plan follows:
A. Teachers' Retirement System of Louisiana (TRSL)
Plan Description:
The School Board participates in two membership plans of the TRSL, the Regular Plan and Plan A. The TRSL provides retirement benefits as well as disability and survivor benefits. Ten years of service credit is required to become vested for retirement benefits and five years to become vested for disability and survivor benefits. Benefils are established and amended by state statute. The TRSL issues a publicly available financial report that includes financial statements and required supplementary information of the TRSL. That report may be obtained by writing to the Teachers' Retirement System of Louisiana, Post Office Box 94123, Baton Rouge, Louisiana 70804-9123, or by calling (225) 925-6446.
Funding Policy:
Plan members are required to contribute 8.0% and 9.1% of their annual covered salary for the Regular Plan and Plan A, respectively. The School Board is required to contribute at an actuarially determined rate. The 2008-2009 rate was 15.5% of annual covered payroll for both membership plans. Member contributions and employer contributions for the TRSL are established by state law and rates are established by the Public Retirement Systems' Actuarial Committee. The School Board's employer contribution to the TRSL, as provided by state law, is ftinded by the State of Louisiana through armual appropriations, by deductions from local ad valorem taxes, and by remittances from the School Board.
The School Board's contributions to the TRSL for the years ended June 30, 2009, 2008 and 2007, were $4,257,119, $3,647,503 and $2,526,451, respectively, and equaled the required contribution for each year.
57
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
B. Louisiana School Employees^ Retirement Svstem (LSERS)
Plan Description:
The LSERS provides retirement benefits as well as disability and survivor benefits. Ten years of service credit is required to become vested for retirement benefits and five years to become vested for disability and survivor benefils. Benefits are established and amended by state statute. The LSERS issues a publicly available financial report that includes financial statements and required supplementary information for the LSERS. That report may be obtained by writing to the Louisiana School Employees' Retirement System, Post Office Box 44516, Baton Rouge, Louisiana 70804, or by calling (225) 925-6484.
Funding Policy:
Plan members are required to contribute 7.5% of iheir annual covered salary and the School Board is required to contribute at an actuarially determined rate. The 2008-2009 rate was 17.8% of annual covered payroll for members of the plan. Member contributions and employer contributions for the LSERS are established by state law and rates are established by the Public Retirement Systems' Actuarial Committee. The School Board's employer contribution for the LSERS is funded by the State of Louisiana through annual appropriations and by remittances from the School Board.
The School Board's contributions to the LSERS for the years ended June 30, 2009, 2008 and 2007 were $412,765, $332,682 and $298,700, respectively, and equaled the required contribution for each year.
6. POST-RETIREMENT HEALTH CARE AND LIFE INSURANCE BENEFITS
The School Board provides certain continuing health care and life insurance benefits for its retired employees. In accordance with Louisiana Revised Statute Title 42 chapter 12, substantially all of the School Board's employees become eligible for these benefits if they reach normal retirement age while working for the School Board. A portion of the retiree premium is funded through mandated slate contributions. The School Board has ftjrther elected to treat retirees in the same manner as active employees and provide a local contribution toward their premium. These benefits for retirees and similar benefils for active employees are provided through the State Employees Group Benefits Program, whose monthly premiums are paid jointly by the employee and the School Board. The School Board recognizes the cost of providing these benefils as an expenditure when the monthly premiums are due. For the year ended June 30, 2009 the cost of retiree benefils totaled $6,376,406, of which $5,677,649 was paid by the employer and $698,757 was paid by the employee. Benefits are provided for approximately 713 retirees.
58
ST, BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
7. CHANGES IN AGENCY FUND DEPOSITS DUE OTHERS
A summary of changes in Agency Fund deposits due others follows:
Balance 3t July 1,2008 Additions Deductions Balance at June 30, 2009
School Activit)'
Fund $ 727,322
3,016,360 r2.790.949)
$952,733
8. ACCOUNTS, SALARIES AND OTHER PAYABLES
The payables of $12,060,060 at June 30, 2009, are as follows:
Salaries payable Withholding payable Accounts payable
TOTAL
General Fund
S 9i! 1.269 853,644 236.964
$2,071,877
Hurricane Education
Recovery Ad -Immediate Aid
To Rcsinrt FEMA Lunch Schools Projcci Fund Fund Fund
$32,918 $759,969 $ -32.951
1.562 - 8.401.513 $67,431 $759,969 $8.40L5I3
Capital Projects
Fund $ -
-371.311
$371,311
Workers' Compensation
Other Govemmental
Funds $195,714
-.
$195,714
Internal Service
_ Fund
$ --
192,245 $192,245
Total $1,969,870
886,595 9,203,595
$12,060,060
9. CHANGES IN GENERAL LONG-TERM DEBT
The following is a summary of the long-term debt transactions for the year ended June 30. 2009:
Long-icrm Debt at July 1,2008 Additions Deductions Long-term Debt at June 30. 2009
Bonded Debt
and CDL
S 24,049.325
(2.340.000)
$21,709,325
Compensated Absences
$2,829,901 556.127
( 608,846)
$2,777,182
Other Post
Employment Benefits
$ 306.135
$ 306,135 -•^•'' . . a
Total
$ 26,879,226 802.262
( 2.948.846)
$ 24.792.642
59
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
The following is a summary of the current (due in one year or less) and the long-term (due in more than one year) portions of long-term obligations as of June 30, 2009 :
Current portion Long-term portion
Total
d D e b t
Bonded Debt
and CDL
$ 2,440,000
19.269.325
$21,709,325
Compensated Absences
$ 608,846 2,168.336
$2,777,182
Total
$ 3,048.846 21.437.661
$24,486,507
School Board bonds outstanding at June 30, 2009 in the amount of $ 17,185,000 are general obligation and sales tax bonds with maturities from 2010 to 2018 and interest rales from 3.0 to 5.25 percent. The individual issues are as follows:
Bond Issue
General Obligation: 12/28/98 2/18/04 6/30/05
Sales Tax: 2/18/05
Total
Original issue
$ 1,445,000 14,370,000 5,095,000
2,660.000
Final Interest Payments Rates Due
4.6% 3/1/10 3.0-5.25% 3/1/17 3.25-5.0% 3/1/18
2.98% 5/1/10
Interest to Principal
Maturity OutstandinR
S 8,050 2.662,488 1,196,450
17.136
$3,884,124
175,000 11,745.000 4,690,000
575,000
$17,185,000
Funding Source
Ad valorem Ad valorem Ad valorem
Sales Ta.\
All pnncipal and interest requirements are funded in accordance with Louisiana law by the annual ad valorem tax levy on taxable property within the Parish and sales tax. At June 30, 2009, the School Board has accumulated $3,778,235 in the Debt Service Funds for future debt requirements. The bonds are due as follows:
Year Ending June 30
2010 2011 2012 2013 2014 2015-2018
Total
Principal Payments
$ 2,440,000 1,765,000 1,825.000 1,895,000 1,985,000 7.275.000
$17,185,000
Interest Payments
$ 768,798 666,550 611,950 548,000 474,400 814,426
$3,884,124
Total
$3,208,798 2,431,550 2,436.950 2,443,000 2,459,400 8,089.426
$21,069,124
In accordance with Louisiana Revised Statute 39:562, the School Board is legally restricted from incurring long-term general obligation bonded debt in excess of 35 percent of the assessed value
60
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
of taxable property. At June 30, 2009, the statutory limit is $100,417,813 and outstanding general obligation bonded debt tolals $16,610,000.
In addition, the School Board is legally restricted from incurring long-term bonded debt secured by sales and use taxes in excess of 75 percent of the avails of the tax. The School Board was within this 75 percent limitation in 1997 when the sales tax bonds were issued.
The long-term liability for compensated absences and other post-employment benefits is typically liquidated through the General Fund.
During the year ended June 30, 2006, the School Board obtained a Special Community Disaster Loan through the Federal Emergency Management Agency. The approved loan amount is $17.869,925, from which the School Board has drawn $4,524,325 as of June 30, 2009. The loan bears an interest rate of 2.68% and is due December 12, 2010 with a possible deferment of payment an additional five years until December 12, 2015. Interest accrued at June 30, 2009 totaled $253,410.
10. OTHER INDIVIDUAL FUND DISCLOSURES
A Interfund Reccivables/Payables (FFS Level Only)
The primary purpose of interfund receivables/payables are to (1) loan monies from the General Fund to individual federal funds to cover grant expenditures pending reimbursement from the respective granting agencies and (2) reflect operating transfers due from the General Fund to other funds. All interfund payables are expected to be repaid within the next fiscal year. Individual fund balances due from/to other funds at June 30,2009 are as follows:
Fund
Major Funds: General fund Special revenue fund - Lunch Fund Special revenue Fund - Hurricane
Education Recovery Act FEMA Project Fund Capital Project Fund
Nonmajor Funds: Special revenue funds Debt service funds Intemal service fund
Totals
Due From Other Funds
$17,813,002 25,296
--
22.683,783
12,046 -
436.962 $40,971,089
Due To Other Funds
$23,149,819 .
1,086,785 13.980,587
-
2,752,633 1,265 .
$40.971.089
61
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes lo the Basic Financial Statements June 30, 2009
B Transfers
Transfers between funds primarily serve two purposes: (1) transfer of indirect cost reimbursements from federal ftinds to the General Fund, and (2) transfer of operating monies from the General and Lunch Funds to the Intemal Service and Capital Projects Funds. Individual fund interfund transfers for the year ended June 30, 2009 were as follows:
Fund Transfers in Transfers out Major Funds: General fiind $ 601,782 $10,870,000 Lunch Fund 398,000 FEMA Project Fund 13,795,000 34,829
Capital projects fund 10,000,000 13,795,000 Nonmajor Funds: Special revenue funds - 566,953
Intemal service fund 472.000 -Totals $25.266.782 $25j66.782
62
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
11. RESERVED AND UNRESERVED - DESIGNATED FUND BALANCES
The reserved and unreserved - designated components of fund balances consist of the following:
Ad Valorem FBMA I'a.x Bond Capital Other
General Lunch Projcci Sinking Projects Governmental Fund Fund Fund Fund Fund Funds Total
Reserved for Encumbrances Dcbi service
Invxnioo" Scholarships
Total Reserved
$391,433 $
ltO.190
391.433 110,190
$ - $ . 3.037.159
-•
3.037.159
$ -741.076
-15.000
756.076
S 391.433 3,778.235
110,190 15.000
4.294.858
Unreserved -Designated for: Special Programs Contribution Self Insurance Retention SelflnsuraiKcRclcnlion-Property 1.500.000 Scholarships Capital Ptojects Telecommunications Services Media Services
Total Unreserved -Designated
991.724 1.786.090
400,000
822.525 699.336
6.199.675
158.813 73.531.465
Undesignated
TOTAL FUND BALANCE
6.873.041 781.185 (2.527.315)
73.531.465 158.813
991.724 1.786.090
400.000 1.500,000
158.613 73.531.465
822.525 699.336
79.889.953
5.126,911
S13.464.I49 S 891.375 $(2^527.315) $3.037.159 573.531.465 $ 914.889 $89.311.722
The nature and purpose of the reserves and designations of fund balance are as follows:
Reserved for Encumbrances
This reserve was established for outstanding purchase orders that the School Board intends to honor.
Reserved for Debt Service
This reserve represents the amounts reserved for payment of principal and interest maturing in future years on bonded debt.
Reserved for Inventory
This reserve was established for food inventories in the School Lunch Fund which will be used in the future fiscal period.
63
ST. BERNARD PARISH SCHOOL BOARD Chalmette^ Louisiana
Notes to the Basic Financial Statements June 30, 2009
Reserved for Scholarships
This reserve represents the original contribution to the Joseph Accardo Scholarship. This amount is restricted from use in providing scholarships to students and is to be maintained as principal in the fund.
Designated for Special Programs
This represents the unexpended portion of uru-eslricted monies received by the School Board and designated for Special Programs.
Designated for Contribution
This represents a designation of funds received as a contribution to the School Board. These funds will be used for a yet to be determined future project.
Designated for Self Insurance Retention
This represents a designation by the School Board lo cover the cost of the deductible on a single claim of the Liability Insurance policy.
Designated for Self Insurance Retention - Property
This represents a designation by the School Board to cover the cost of the deductible on its Property Insurance policy.
Designated for Scholarships
This represents the unrestricted net assets of the Joseph Accardo Scholarship Fund which are designated for the payment of scholarships.
Designated for Telecommunications Services
This represents a designation of funds received from the School and Libraries Corporation E-Rate program to fund telecommunications service and improvements for the School Board.
Designated for Media Services
This represents a designation of funds received from Bell South Interactive Media to provide additional media services for the School Board.
64
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to the Basic Financial Statements June 30, 2009
Designated for Capital Projects
This represents unreserved funds in the Capital Projects Funds that are designated for construction and renovation projects.
12. COMMITMENTS AND CONTINGENCIES
A. Claims and Judgements
At June 30, 2009, the School Board is involved in several lawsuits. In the opinion of legal counsel for the School Board, the potential claims against the School Board not covered by insurance would not materially affect the financial statements. Currently, the School Board has no actual claims or obligations which would be payable within the next year.
B. Federal Programs
The School Board participates in a number of federally financed grant programs. Although the grant programs have been audited in accordance with the Single Audit Act through June 30, 2009, these programs are subject to compliance audits by the grantors. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time. However, the School Board expects such amounts, if any, to be immaterial.
C. Risk Management
The School Board established a limited risk management program for workers' compensation in 1989-90, Premiums are paid into the Intemal Service Fund by the General and Special Revenue School Lunch Funds and are available to pay claims, claim reserves and administrative costs of the program. During fiscal year 2008-2009, a total of $439,717 was expended for benefits and administrative costs. An excess coverage insurance policy covers individual claims in excess of $300,000 per occurrence. The cost of this policy and the accompanying surely bond required by the State of Louisiana totaled $35,245 for the 2008-2009 fiscal year. Incurred but not reported claims of $183,269 have been accrued as a liability based primarily upon an actuary's estimate. As the School Board cannot determine which claims will be resolved in the next fiscal period and which will carry-forward to future periods, the entire liability is considered current and is included in accounts, salaries and other payables on Statement G.
65
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes lo the Basic Financial Statements June 30, 2009
Changes in the Fund's claims liability amount in fiscal years 2008 and 2009 were:
Beginning of Fiscal Year Liabilitv
2007-2008 $198,747 2008-2009 183,532
Claims and Changes in Estimates
$349,438 350,266
Balance at Claims Fiscal Pavments Year-End
$364,653 $ 183,532 350,529 183,269
The School Board purchases conventional insurance for all other risks of loss including properly, flood, fleet, liability and errors and omissions. Settled claims have not exceeded coverage in any of the past three fiscal years. There have been no significant reductions in insurance coverage from the prior year.
D. Construction
At the end of the 2008-2009 fiscal year, the School Board was in the third phase of its rebuilding plan following Hurricane Katrina.
13. RECENT REPORTING AND DISCLOSURE DEVELOPMENTS
As of June 30, 2009, the Govemment Accounting Standards Board has issued several statements not yet implemented by ihe School Board. The Statements, which might impact the School Board, are as follows:
Governmental Accounting Standards Board Statement No. 51 (GASB 51) GASB 51, Accounting and Financial Reporting for Intangible Assets, becomes effective in fiscal year 2010. The objective of this statement is to establish accounting and financial reporting requirements for intangible assets to reduce these inconsistencies, thereby enhancing the comparability of the accounting and financial reporting of such assets among state and local govemments.
Governmental Accounting Standards Board Statement No, 53 (GASB 53)
GASB 53, Accounting and Financial Reporting for Derivative Instruments, becomes effective in fiscal year 2010. This statement establishes accounting and financial reporting requirements for derivative instruments entered into by state and local govemments.
66
REQUIRED SUPPLEMENTAL INFORMATION:
BUDGETARY COMPARISON SCHEDULES
ST. BERTMflO PARISH SCHOOL BOARD CMbTwtta, LoUi l i ino
GENERAL FIM) BudflUflry Compsftson ScrwduiA For t h t Year E n d M Juna 30. 2000
REVENUES: Local t ou rca i :
Ad valorem tax S a m a n j u t a t w RanlBis, l aasM and roya lU t Tuition tntaresl saminQt Otnar
S ia t f isourcM: Unmt f tc tad grants JfvaNl Roitrtctad gr*nti4n-aKJ
FMara l souroas: Rai t r tc tM srania-in-aid.
O n d
Total R t v o n u M
EXPENDfTURES: CurranC
Instnjction: R»0ular programs Spadal programs Adutt and corttn^rtQ aducatton programs
Support Sarvfcas: Student servtcos tnstrucbonil tun support Ganarai adminittratain School adnilnistrstion Buiinesa le rvkas P lamsarv i cu Student t renipotaban i s t v i cs t Contra' tarvicas Food tafvica programs ConuTiunty sorvica progiBms
Total Ejipondftires
EXCESS {OEFCIEKCY) OF REVENUES OVER (UNDER} EXPENDITURES
OTHER RNANCING SOURCES (USES) Sate of capital assats Transfors in Trans (art out
Total Othar rtnanting S o m a s (Usas):
EXCESS (DEFICIENCY) OF REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE A C C O U P A N Y M G tNDEPENDENT AUDITOR'S
BUDGETED AMOUNTS ORtOINAL BUDGET
S 8,427.590 11,200.000
ei.Tsa 43,500
MO.OOO 210.000
lB,36B.re2 851.399
56,056
37,889,237
S
-
FINAL BUDGET
8,996.158 11,200.000
D3.1ie 65.000
353.000 1,543.350
17.511.352 6,801.617
82,545
46,826,638
ACTUAL (ADJUSTED TO
BUDGETARY BASIS)
i 9.620,229 10.598.213
130.219 72.630
306.219 1.633.397
17.495.696 7.005.147
62.545
46,924,297
VARIANCE VWTH FINAL BUDGET
POSITIVE (NEGATIVE)
f 624.071 (601.787)
37.103 7.630
(48.781) 89.847
(t5.654)
203.230
207,659
ACTUAL AhKXiNTS
GAAP BASIS
S 9.620,220 10.596,213
130,219 72,630
306,219 1.633,397
17.495,698 7.0O5.147
62,545
46,924,297
BUDGETARY BASIS TO GAAP
DIFFERENCE OVER (UNDER)
%
8.655.981 3.018.065
63.484
1.673.987 1.450.093 1.158.804 2.136.112
565.730 6.757.429 3.086.054
603.471
470.000 4.100
22.657,382 4.017,034
66,668
1.691.785 1.750,646 U 3 9 , 2 4 e 2.153.673
566.878 7.018.761 3,093.250
550.215
. 4.100
21,076.409 4,326.677
64,959
1.685,250 1.593,863 1.221,725 2.096,625
510.529 6.688.420 2.723.342
537.728
. 4.100
680.883 (309.643)
1.709
6.535 156.793
17.523 57.048 55.347
332.361 367.006
21.487
.
21.832.604
4JB4.169
&4.g5«
1.685J50 1.593.126 U 1 7 . 7 9 5 2,096.625
510.529 6.556.406 2.662.263
530.426
4,100
(143.695)
(42.508)
(727)
(3.930)
• -
(130,014) (63.059)
(7.300)
-.
(2,654,112)
450.000 (5,400.000)
(4.950.000)
(7.604,112)
19.040,080
! li2ii
VB08.060
565 450.000
(10,670.000)
(10,419.435)
(6.610.455)
19.740,080
3,494.590
(10,287.954)
(6,773.364)
19.646,060
13,072,716
1,38L051
265 1300) 601.761 151.761
(10.870.000) •_
151,481
1.637,091
(iro.OOO)
1.737.091
43.038,274
3,886,023
265 601.761
(10.670.000)
(10367.954)
(6.381.931)
19.646.080
[30V*33)
391.433
301,433
REPORT
87
ST BERNARD PARISH SCHOOL BOARD Chfllmena, Louisiana
LUNCH FUNO Budgatary Companson Scttoduta For tha Year Ended Juna 30, 2000
REVENUES: Local sources:
Food sarvica income Iniarast eatings
Slate sources: Unmtrlctad granta-in-eid
Federal sourcer Restrtdad granl»^n.«id:
Subg rants Other - Commodities
Total Revenues
B<PEW!TVffE8: Cunent'
Support SarvicBS! Food service programs
Totti Ejif)tnSibtt9t
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
OTHER FINANCING SOURCES: Transfara in
Total Other Ftnandng Souraa
NET CHANGE IN FUNO BALANCES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
E J O H A I
BUDGETED AMOUNTS ORIGINAL BUDGET
% 204.000 6.000
FINAL BUDGET
S 288.538 6.000
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
S 291.330 6.236
VARIANCE WITH FINAL BUDGET
POSITIVE (NE(3ATIVE)
S 2.702 236
ACTUAL AMOUNTS
GAAP BASIS
S 291,330 6.236
ACTUAL BUDGFTARY BASIS
TO GAAP DIFFERENCE
OVER (UNDER)
-
615.650
1,720,000 i2o.oro
2,665,650
615.650
1,516.000 125.000
2,563,188
1.549.039 121,330
2,837.448
2.837,446
(171.798)
.
(171.708)
1,007.749
I 635,951 1
3.205,695
3^05.695
(652.507)
470.000
470,000
(182.507)
1.007.749
825,242 1
3,007,959
3,097.959
(514.374)
308.000
398.000
(116.374)
1.007.749
801.375
31.039 1.540.030 (3!670) 121.330
107.736
(72.000)
jT^OOOi.
3.097,050
(514.374)
396,000
396,000
(116.374)
1.007.749
66.133 t 801.375
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
Exha»l3
HURRICANE EDUCATION RECOVERY ACT IMMEDIATE AJD TO RESTART SCHOOLS
Budgetary Compartson Schedule For the Year Ended June 30,2009
REVENUES: Federal sources:
Restricted grantSHn-aid
Total Revenues
EXPENDITURES: Current:
Instruction: Regular programs Special programs Adult and continuing education programs
Support Services: Student services Instnjctional staff support General administration School administration Business services Plant services Student transportation services Central services
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
BUDGETED AMOUNT ORIGINAL BUDGET
$ 10,066,425
10,066,425
6.795,168 553.503
11.695
487.619 469.426
14,950 798,238 86,451
567,215 161,724 100,436
10,066.425
-
$
FINAL BUDGET
$ 10,066.425
10.066.425
6,795,168 553,503
11.695
487.619 469.426
14.950 798,236 86,451
587.215 161.724 100.436
10,066,425
-
S
ACTUAL (ADJUSTED TO
BUDGETARY BASIS)
S 10,066,425
10.066.425
6.795.168 553.503
11.695
487.619 469.426
14.950 798.238 86.451
587.215 161.724 100.436
10.066,425
-
$
VARIANCE WITH FINAL BUDGET
POSn'IVE (NEGATIVE)
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
69
ST. BERNARD PARISH SCHOOL BOARD Chalrrwtte. Louisiana
Exhibit 4
FEMA PROJECT FUND Budgetary Comparison Schedule For the Year Erxted June 30.2009
REVENUES: Federal sources:
Restricted grants-in-aid - sut)grants
Total Revenues
EXPENDITURES: Cunent:
InstTudion: Regular programs
Support Services: Business services Plant services Food service programs
Facility acquisition and constmction
Total E)(penditures
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
OTHER FINANCING USES: Transfers in Transfers out
Total Other Financing Uses
NET CHANGE IN FUND BALANCE
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
BUDGETED AMOUNT ORIGINAL BUDGET
$ 31.914,847
31,914.847
3.066,910
69.618 743,664 25.296
57.021.554
60,927.042
(29.012.195)
13,795.000 (34.829)
13,760,171
(15.252.024)
12.724.709
$ (2.527.315)
FINAL BUDGET
$ 31.914.847
31.914,847
3.066.910
69.618 743,664
25.296 57.021.554
60.927.042
(29.012.195)
13.795.000 (34.829)
13,760,171
(15.252.024)
12.724,709
$ (2.527,315)
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
$ 31.914.647
31.914.847
3.066,910
69,618 743.664 25.296
57.021.554
60.927.042
(29,012,195)
13,795.000 (34,829)
13.760,171
(15.252.024)
12.724.709
S (2.527.315)
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$
-
•
-
$
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
70
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Notes to Budgetary Comparison Schedules June 30,2009
Budget and Budgetary Accounting
The St. Bemard Parish School Board utilizes the following procedures in establishing the budgetary data reflected in the financial statements:
(1) In July, the Superintendent submits to the School Board proposed annual appropriated budgets for the General Fund and Special Revenue Funds for the fiscal year commencing July 1. A public hearing is held to obtain taxpayer comments. Prior to September 15, the School Board legally enacts the budget through adoption. The only legal requirement is that the School Board adopts a balanced budget; thai is, total budgeted revenues and other financing sources (including fund balance) must equal or exceed total budgeted expenditures and other financing uses. The budget is revised periodically throughout the year, when deemed appropriate, but a balanced budget is always approved.
(2) Appropriations in the General Fund and Special Revenue Funds lapse at the end of the fiscal year whereas encumbered appropriations are carried forward to the following year. Budgeted amounts are as originally adopted or as amended by the School Board.
(3) Formal budget integration is employed as a management control device during the year for the General Fund and Special Revenue Funds. All budgets are operational at the department level. The Superintendent is authorized to transfer budget amoimts between line item activity and between any functions of an individual fund. The effects of budget revisions passed during the year for the General Fund were to increase net revenues by $8,737,401 due to increased ad valorem and contributions revenues as well as increased state revenues as a result of growth in student enrollment from initial estimates and the movement of State grants into the General Fund. Expenditure estimates were increased by $4,274,309 as additional staff were employed and materials purchased to accommodate increased enrollment as well as the movement of the expenditures of the aforementioned State grants into the General Fund
(4) The budgets are prepared on a basis which differs from generally accepted accounting principles in that the School Board's budget includes encumbered amounts. Accordingly, the budgetary basis expenditure data reflected in the Budgetary Comparison Schedule (Exhibit I) includes encumbrances and, thus, differs from the expenditure data reflected in the Statement of Revenues, Expenditures and Changes in Fund Balances -Govemmental Funds (Statement E) by the amount of the encumbrances outstanding at year end. Unencumbered appropriations lapse at year end.
71
(5) The budgeted amounts of revenues and expenditures for the FEMA Project Fund were set equal to actual since expenditures could not be reasonably estimated due to the uncertainty as to the timing of when expenditures were incurred and the uncertainty of the amount that would be reimbursed by FEMA.
Excess of Expenditures Over Budget
For the year ended June 30,2009, there were no instances where actual expenditures exceeded budgeted appropriations.
72
OTHER SUPPLEMENTAL INFORMATION
NON-MAJOR GOVERNMENTAL
FUNDS BY FUND TYPE
ST BERNARD PARISH SCHOOL BOARD Cnalmette. LouisiBna
NON-MAJOR GOVERNMENTAL FUNDS CombWno Beteoce Shoel - By Fund Type Juno 30. 2009
ExMbttS
ASSETS: Cash and cash tqiivatents Interfund rocslvabiei R«cetvableB
TOTAL ASSETS
LlABILineS AND FUND BALANCES: UaMiBe.:
Accounts, salaries and o(h«r payaNn Inteffund payaUea DefsfTvd rwsnua
Total UaNitiea
FuMBoiancea: Roseivad Unratanrtd - dasljinatod
Total Fund Satencas
TOTAL UABIimeS AND FUND BALANCES
SEE ACCOMPANYING WOEPENOENT AUDITORS REPORT
%
s
i
%
SPECIAL REVENUE
FUNDS
703.958 12.046
2.232,343
2,948.347
195.714 2,752.633
2.94«,347
.
2.948.347
$
1
—
$
DEBT SERVICE FUNDS
030,448
111393
742.341
1.265
1.205
741.076
741.076
742,341
PERMANENT FUND
S
s
t
%
173.813
173,813
•
15.000 156,813
173.813
173.813
S
<
—
$
TOTALS
t.508.219 12.046
2,344.239
3.864.501
1S5.714 2.7S3.B98
2.»49.612
756,076 158,813
014.889
3.884,501
73
ST. BERNARD PARISH SCHOOL BOARD Chaimatta, LouisienB
NON-MAJOR GOVERNMENTAL FUNDS CombiniriQ Statement of Revanuta. Expenditures and Chanties in Fund Balances • By Fund Type For the Y«ar Ended June 30, 2009
Exhft)H6
Local sources: Solas and use tax Interest •aminos
State sources:
Rastrirtod ftranta-in-aid Federal sounds-.
Unrestricted - indirect cost recoveries
Restricted grants-Jn-aid: Direct Subgrants
SPECIAL REVENUE
FUMOS
151.890
566.953
1,214.791 6724,291
DEBT SERVICE FUNDS
661,913 4,374
PERMANENT FUNO
6,081
TOTALS
$ 661.913 10.455
151.890
566.953
1.214,791 6.724.291
Total Revenues 8.657.925 666.287 6.081 9,330.293
Current (nstruction;
Reguler programs Spedal programs Adult and continuing educatbn programs
Support Services: Studftnt services Instnfctlonal staff support Studant transportation services Food service programs
Debt service: Principal retirBnwnt tnterest Sank charges
Total Expendtturaa
EXCESS tOEFlClENCY) OF REVENUES OVER (UNDER) EXPENDITURES
4.129,785 99t.7<«
134.975
569.385 2,160.353
93.339 11.426
•
8,090,972
566.953
"
-
-
550.000 33,525
1.125
584,650
81,637
1,250
i.aso
4,131.035 991,709
134,975
569.385 2,160.353
93.339 11.426
550,000 33.525
1.125
8,676.872
4.831 853,421
OTHER PIMANCING SOURCES <USES): Transfers In Transfers out
Total Other financing Sources (Uses):
EXCESS (DEFICIENCY) OF REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
(566,953)
(566,953)
(566.953)
(566.953)
s
81.637
659,439
741.076 $
4.831
168,982
173,813 S
86.468
828.421
914.889
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT.
74
NON-MAJOR SPECIAL REVENUE FUNDS
IMPROVING AMERICA'S SCHOOLS ACT FUNDS
TitleJ of Public Law 100-297, the Improving America's Schools Act (lASA), is a program for educationally deprived school children residing in areas having high concentrations of children from low-income families. Title 1 services are provided through various projects that are designed to meet the special needs of educationally deprived children. The activities supplement, rather than replace, state and locally mandated activities.
Title II of Public Law 100-297, the Improving America's Schools Act, is a federally financed program designed to strengthen the skills of teachers in mathematics, science, foreign languages and computer learning.
Title IV of Public Law 100-297, the Improving America's Schools Act, establishes programs of drug abuse education and prevention coordinated with related community efforts and resources.
Title V of Public law 100-297, the Improving America's Schools Act, is a program by which the federal govemment provides block grant ftinds to the school system based on a per pupil allocation for audio-visual materials, equipment and library resources.
USDA TEAM NUTRITION FAMILY AND NUTRITION NIGHTS
The USDA Team Nutrition Grant is a federally ftjnded program which provides ftinds to conduct approved activities such as Family Nutrition Nights and incorporate the activities into local wellness policies.
ECONOMIC OPPORTUNITY ACT FUND - HEADSTART
Headstart is a federally financed program designed to benefit economically disadvantaged preschool age children. Medical, dental, mental health and social services as well as adult education and literacy programs are provided for Headstart students, their parents and their families.
HURRICANE EDUCATOR ASSISTANCE PROGRAM
The Hurricane Educator Assistance Program is a federally ftinded program primarily for recruiting, retaining and compensating new and current teachers and school based administrators who commit to work for at least three years in school-based positions in public elementary and secondary schools located in an area with respect to which a major disaster was declared under Section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act. These funds may be used to pay salary premiums, performance bonuses, housing subsidies, signing bonuses, relocation costs and for providing loan forgiveness.
75
SPECIAL EDUCATION FUNDS
Public Law 102-119 Flow-Thru and Preschool is a federally financed program of free education in the least restrictive environment for children with exceptionalities. The Pre-School Intervention Program serves pre-school children with disabilities.
STATE EXTENDED SCHOOL YEAR PROGRAM FUND
The State Extended School Year Program is a state ftinded program to provide a summer program for the more severely handicapped children whose educational development would be hampered by regression that carmot be compensated for in the regular school year.
8G MODEL EARLY CHILDHOOD DEVELOPMENT PROGRAM FUND
The Early Childhood Development Program is a program that includes children who are at high risk of being insufficiently ready for the regular school program and who have not been identified as eligible for special education services.
VOCATIONAL EDUCATION FUND
The Vocational Education Fund accounts for Carl D. Perkins Vocational and Applied Technology Education federal funds allocated for business education, guidance and counseling.
ADULT EDUCATION FUND
The Adult Education Fund accounts for federal ftmds allocated to programs serving undereducated individuals sixteen years of age and above whose goal is to achieve a general equivalency diploma.
TANF GED PROGRAM - ADULT & FAMILY LITERACY SERVICE
The Temporary Assistance for Needy Families GED Program - Adult & Family Literacy Service is a federally ftjnded program which seeks to move TANF clients toward self-sufficiency through enrollment in Adult Basic and Adult Secondary Education programs. The target population for the TANF GED program is clients 16-21 years of age or clients over 21 with a minor child.
2 1 ^ CENTURY COMMUNITY LEARNING CENTERS GRANT
The 2 P Century Community Learning Centers Grant is used to provide opportunities for academic enrichment, as well as recreation, enhancement of social skills, parent education and other enhancement s for children in grades pre-K through 12 and their families in commimity centers located predominately at Title I schools.
76
EDUCATIONAL TECHNOLOGY STATE GRANT
The Educational Technology State Grant is used to develop, adapt or expand existing and new applicafions of technology to support school reform efforts, fund projects to improve student learning and support professional development and administrative support, and acquire connectivity linkages, resources and services to include the acquisition of hardware and software.
HURRICANE KATRINA FOREIGN CONTRIBUTIONS
The Hurricane Katrina Foreign Contributions grant provides fiinds contributed by foreign govemments to be used to rebuild and re-stock school libraries.
READINESS AND EMERGENCY MANAGEMENT FOR SCHOOLS
The Readiness and Emergency Management for Schools Grant provides funding for the evaluation of the systems security plan as well as monies to develop an improvement plan and train district staff on issues related to school security.
77
ST, BBMARD PARISH SCHOOL BOARD ClutniBU. UxittHM
NOHMAJOR SPECIAL RCVEKUE FUNDS ComSinlog Balanc* STtMt Jum 30,2009
ASSETS-CuA • « cam •quhrt lvts Intvfund n n l v i U i i
TOTAL ASSETS
UABUmES AND FUNO BALANCES:
tnteffuod psysOtos
FLIWI BaUnc«r
Unmarvtd - dB*ianst*d
ToUl Fgnd Bt tmca i
TOTAL UAfULmES AND FUND BALANCES
SEE ACCOWPANYINO INOEPENOCNT AUDrTOfTS REPORT
BylPROWWQ AUERrCA-a SCHOOLS ACT
TTTLEI
S U.483 S 4.i23 I
1.017,825 274,0SS
S 1.053,287 » 27B.M2 t 1B,aS4 l_
I 4B.231 S i,oo«.ose
1.0MJB7
2S.220 S 2M.4a3
276.882
> l O M j a ? I 278,1
USDATEAM NUTRITION FAMS-VAND NUTRITION
WIOHTB
u j M 8 s . n e s M M
<.O40 • 2.0W
t8.aS4 t B.8M |_
ECONOMIC OPPORTUNITY
ACT-HEAOST/WT
1 02,001
54,811
8 148,812
1 70.870 7S,B42
148,812
HURRICANE EDUCATOR
ASSttTANCE PROGRAM
8 877 12.0*8
» 12,023
% 12.023
12.023
1
•
1
-
SPECIAL EDUCATION PUBLIC LAW
=LOW^T>«tU
308,085
283,023
692.008
7.0*2 5S4.ft40
502.008
102.110 PRESCHOOL
1 8.278
123,S«0
_132JI8
15.221 1 tS.BOT
t S M l l
1
L
s
STATE EXTENDED
SCHOOL YEAR
PROGRAM
4se
14.614
18.0T0
9,430 8,ft40
15.070
Mooa EARLY
CHILDHOOD DEVELOPMENT
PROGRAM
1 14.050
23.180
1 37.130
1 13.411 23.719
37.130
1
L
s
roCATIOHAL EDUCATION
28.186
104.093
1J2J50
I 3 2 j n
132.259
S 140.813 8 12.973 I_ S92.0as S 132,118 i_ 15,070 S 37.1M L (32,350
ST. BERNARD PARISH SCHOOL BOARD CluiRwn». LoiMana
NONMAJOR SPECIAL RSVCNUE FUNDS
June 30.2000
ASSETS: C u f i and c» f t « v d v i M m liUrfufM) rauhiuu R K W U 4 M
TOTAL ASSETS
UABnJTtES AND F U W BALANCES:
Acuunt i . u l a r t n tnd oOw (wyaHu tnurtuodtnytblM
Toad LtibGilta
F u n d B M n c n : Unc«M(v*d - d M l g n i M
Tout Fund Balancu
TOTAL LiABl.mES AND FUM) BALANCES
1
L
s
-
•
ADUtT EDUCATION
100.743
13,022
119.7B5
119.785
I18.7U
119,785
TANF GEO PROGRAM-ADULT 1 FAMILY
LfTERACYSBWCE
f (.»47
37,044
S 30,891
1 3»,»81
39.801
8 39J01
21 ST CENTURY coMMUHrrv LEARNMO CENTERS
f
1.
S
s
3 j s a
2S3,40B
2SS,aS2
5JS9 201,301
200.662
.
200,802
EOUCATKMAL TECHNOLOGY
STATE GRANTS
1
l _
S
S
18.223
5.021
24.143
24,143
24.143
.
21!ii
HURRICAHE KATRINA FORBON
c o N T R a i m o N S
i U.47I
10,620
f S7,09T
S 47,007
-
L
67,007
07.007
READtNESSAND EMERGENCY
MANAGEMENT FOR SCHOOLS
8 2.0S7
1 2.007
1 2,007
2,087,
f 3,087
*
L.
1
S-
TOTALS
TOI.BSO 12.048
Z732,343
2,046.347
195.714 2.782.033
2.AU,S4T
2,046.347
SEE ACCOMPANYMO MDEPENOENT AUDITORS REPORT
THIS PAGE LEFT BLANK INTENTIONALLY
81
6T. BERNARD PARISH SCHOOL BOARD
N0N4AAJOR SPECIAL REVENUE FUNDS ConuwnQ SoMtfula of R#vsnust, Expantfturts tnd Clwnot* in Fund Bolanca* For lh« Y m En««d Jurw 30. 2000
REVEmES' SUMHUfCM:
Raitrkt»d orwtti-kvaid
Rutnctsd gmm-ln-sid, OktX SutignnU
Toti t RtvvfUM*
TfTLEI
3.105.2M
TrTLE II
732.838
% • % ' I
230.347 01.410
USOATEAM NUTRITION
FAMILY AND NLrrraTioN
TITLE V NIGHTS
71.351
11.420
#ducilwn pfD^TBfns
EXPEHDTTURE3: Cunvnr
InttntOion: Rcgiiar pragrama SpacM proot tmi AduA and contlnulno
Studtn tMrnco* tiulnjctiorul lUnnqifMxt Oanaftf ttdnvwtntnn S o v o l unnrai l jvuun BusktM* M r v k M P lmtunHOM
Sluctem traniponitlon t w l o t a C«ntna tan iCM Food Monctt proQTvns
Total Gjtpwidttum
2.1S3.B81
7S«.Q39
277.187
732.S36 38.303
EXCESS (DEFICIENCY) OF REVENUES OVER EXPCNOrrURES
OTHER FINANONO SOURCES (USES)'
T n n s f v t out
Total Othtf tlnandno Souren ( U M « } :
EXCEBS lOEFICtENCY) OF REVENUES AND OTHER SOURCES OVER EXPENOmiRES A M ) OTHER USES
P M J ^ ^ t
(320.347)
01.410
(81.410)
tS1.410
J725)
jnsj
ill«3)
( M * 3 )
FUND BALANCES AT BEaNMHG OF YCAR
FUNO BALANCES AT END OF YEAR
SEE ACCOMPANYING tNDEPENDENT AtX)rTOR^ REPORT.
ExhiMO contkiiwd
ECONOMC HURRJCANE OPPORTUNTTY EDUCATOR
ACT; ASSISTANCE HEADSTART PROGRAM
SPECIAL EDUCATION PUBLIC LAW 102-110
FLOW THRU PRESCHOOL
STATE EXTENDED BCHOOL
YEAR PROGRAM
BO MODEL EARLY
CHILDHOOD DEVELOPMENT
PROGRAM VOCATIONAL EDUCATKW
14,814 S 137.270 $
68,550
035.457 J30.762
137.032
1.045.S58
1.783,<B0
12,309
147.068
150.371
138.479
7S2.003
05.B07 00,348
1.309
437.185 376.761
W ^ S .
I3J70
137.276
136.470
66.596 12.305
(68,558) (137.932) (13,305)
(68,596) p37,fl32) ilisw)
ST. BERNARD PARISH SCHOOL BOARD Chalnwtta. LAriaima
NON-MAJOR SPECIAL REVENUE FUNDS Comblnina SctiwMa of R»v«nMt. Ejipandrturas •nd CftanoM in Fund Balaneaa For Om Yow ErvMd Juna X . 2000
ExhlMO conckKtad
6 t« i * * t t ^e« i ; Rattrictad oranii in thJ
Fedaral leurcai :
fBcovartai Rartnotad B«rtt»*i-aid:
Total Rawnuat
ADULT EDUCATION
TANF GED PROGRAM • ADULT ft FAMILY
UTERACY SERVICE
1.807
21ST CENTURY EDUCATIONAL COMMUNTTY TECHNOLOGY
LEARNING STATE CENTERS GRANTS
JLS
JSl^S.
523.281
HURRICANE READtNESSAND KATRINA EMERGENCY FOREIGN MAHAOEMEKT
CONTRIBimONS FOR SCHOOLS TOTALS
ni jai
14,005
270.334 U14.7B1 6,724,201
EXPENOmjRCS: CuTTaiB:
InitnAAion; Rasutar pngrama Spadal program. Adult and Mmmulne education progrvn
Support Saivtoaa: Studant larvlcaa Inatnjctlonat ataV auppM GanarH BikTilnlUntlvi School adnunlitntlon Buslnm* aarvicai Plant aamoaa Studan) tranaportation I Cantml taivta^ai Food aanteo pregr^na
4.129.785 091.709 134.075
580.385 2.160.353
03,330
11,428
Total ExfMnAtufM
EXCESS (DEFIOENCY) OF REVENUES OVER EXPCNOinjRES
OTHER FIHANaNG SOUHCES (USES): Tranalaneut
Total Oihor Gnanong S o u t M (Uaaa):
ilSSZ)
JL»D
J41J03)
t < ' - « ^
<KK»)
J 1 4 J W )
J«8i»J
<aw.«3)
EXCESS (DEFIOENCY) OF REVENUES AND CTTHER SOURCES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BE^^NHNG OF YEAR _
FUNO BALANCES AT ENO OF YEAR •_
SEE ACCOMPAMYIMC WOEPEHOENT AUOTFOR^ REPORT,
THIS PAGE LEFT BLANK INTENTIONALLY
85
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Exhibit 9
NON-MAJOR SPECIAL REVENUE FUNO TITLE I Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Year Ended June 30,2009
Federal sources: Unrestricted indirect cost recoveries Restricted grants-in-aid: Subg ranis
Total Revenues
EXPENDITURES: Cunwil:
Instruction: Regular programs
Support Services: Instructional staff support
Total Expenditures
BUDGETED AMOUNT ORIGINAL BUDGET
$ 226,247
2,939,006
3.165.253
2.182.961
756.025
2.939.006
$
FINAL BUDGET
226.247
2.939.006
3.165.253
2.1B2.9B1
756,025
2.939.006
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
$ 226,247
2.939.006
3.165.253
2.182,981
756,025
2.939.006
VARIAr4CE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$
-
.
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 226.247 228.247 226.247
OTHER FINANCING USES: Transfers out (226.247) (226.247) (226.247)
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
86
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
NON-MAJOR SPECIAL REVENUE FUND TITLE II Schedule of Revenues. Expenditures and Changes in Fund Balance - Budget and Actual For tho Year Ended June 30.2009
ExhitwtlO
REVENUES: Federal sources:
Unrestricted indirect cost recoveries Restricted grants-in-aid: Sut)grants
Total Revenues
EXPENDITURES: Cunent
Instnjction: Regular programs
Support Services: Instnjctional staff support
Total Expenditures
BUDGETED AMOUNT ORIGINAL BUDGET
$ 61,410
732,636
794,046
277.167
455,469
732,636
S
FINAL BUDGET
61.410
732,636
794.046
277,167
455.469
732,636
ACTUAL (ADJUSTED TO
BUDGETARY BASIS)
$ 61,410
732,636
794,046
277.167
455.469
732.636
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$
-
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 61.410 61.410
OTHER FINANCING USES: Transfers out
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
(61.410) (61.410) (61.410J
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
87
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Exhibit 11
NON-MAJOR SPECIAL REVENUE FUND TITLE tV Schedule of Revenues. Expenditures and Changes in Fund Balance - Budget and Actual For the Year Er»ded June 30. 2009
BUDGETED AMOUNT ACTUAL VARIANCE WITH
(ADJUSTED TO FINAL BUDGET
REVENUES: Federal sources:
Unrestricted indirect cost recoveries Restricted g rants-irvaid: Subgrants
Total Revenues
EXPENDITURES: Current:
Support Services: Student services
Total Expenditures
ORIGINAL BUDGET
$ 725
36.393
37,118
36.393
36.393
FINAL BUDGET
S 725
36,393
37,118
36.393
36,393
BUDGETARY BASIS)
$ 725
36.393
37,118
36.393
36.393
POSITIVE (NEGATIVE)
$
.
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 725 725 725
OTHER FINANCING USES: Transfers out SJ25) i725) i725)
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
68
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
NON-MAJOR SPECIAL REVENUE FUND TITLE V Schedule of Revenues. Eiqienditures and Changes in Fund Balance • Budget and Actual For the Year Ended June 30. 2009
REVENUES: Federal sources:
Restricted grants-in-aid: Subgrants
Exhibit 12
BUDGETED AMOUNT ORIGINAL BUDGET
FINAL BUDGET
21,351 21.351
ACTUAL (ADJUSTED TO
BUDGETARY BASIS)
21.351
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
Total Revenues 21,351 21,351 21.351
EXPENDITURES: Current:
Instruction: Regular programs
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
OTHER FINANCING USES: Transfers out
21.351
21,351
21.351
21.351
21.351
21.351
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
89
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
NON-MAJOR SPECIAL REVENUE FUND USDA TEAM NUTRITION FAMILY NUTRITION NIGHTS Schedule of Revenues, Expenditures and Changes In Fund Balance - Budget and Actual For the Year Ended June 30, 2009
Exhibit 13
R^ENUfS; Federal sources:
Unrestricted indirect cost recoveries Restricted grants-in-aid
TotaJ Revenues
BUDGETED AMOUNT ORIGINAL BUDGET
$ 1.409 14,091
15.500
S
FINAL BUDGET
1.409 14.091
15.500
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
$ 1.143 11.426
12.569
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$ (266) (2.665)
(2.931)
EXPENDITURES: Cunwit:
Support Services: Food service programs 14.091 14.091 11.426 2,665
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
OTHER RNANCING USES: Transfers out
14.091 14.091 11,426
1.409
(1.409)
1.409
(1,409)
1.143
(1.H3)
266
(266)
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
90
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
NON-MAJOR SPECIAL REVENUE FUND ECONOMIC OPPORTUNITY ACT: HEADSTART Schedide of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Year Ended June 30,2009
Exhibits
Federal sources: Unrestricted indirect cost recoveries Restricted grants-in-aid;
Direct
Total Revenues
BUDGETED AMOUNT ORIGINAL BUDGET
$ 68.556
935.457
1.004.013
S
FINAL BUDGET
68.556
935,457
1.004,013
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
$ 68.556
935.457
1.004.013
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$
.
EXPENDITURES: Cun-ent;
Instruction: Regular programs
Support Services: Student services Instructional staff support Student transportation services
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
OTHER FINANCING USES: Transfers out
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
752,093 752.093 752.093
95.807 86,248
1.309
935.457
68.556
(68.556)
95.807 86.248
1.309
935.457
68.556
(68,556)
95.807 86.248
1.309
935.457
68,556
(68.556)
FUND BALANCES AT BEGINNING OF YEAR
FUNO BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
91
ST, BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
NON-MAJOR SPECIAL REVENUE FUND HURRICANE EDUCATORS ASSISTANCE PROGRAM Schedule of Revenues, Expenditures and Changes in Fund Balance • Budget and Actual For the Year Ended June 30.2009
Exhibit 15
P^VENt^^g: Federal Sources:
Restricted grants-in-aid:
Total Revenues
EXPENp|TOR£& CuTenL
Instruction: Regular programs
Support Services: InstRtctional staff support
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
BUDGETED AMOUNT ORIGINAL BUDGET
$ 230.762
230,762
FINAL BUDGET
$ 230,762
230.762
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
$ 230.762
230.762
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$
5 _
229,527
1.235
230.762
-
$
229.527
1.235
230.762
-
$
229.527
1,235
230.762
-
92
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
NON-MAJOR SPECIAL REVENUE FUND PUBLIC LAW 102-119 FLOW THRU Schedule of Revenues. ExperxJitures and Changes in Fund Balance - Budget and Actual For the Year Ended June 30.2009
Exhibit 16
REV^NI^ES; Federal sources:
Unrestricted indirect cost recoveries Restricted grants-in-aid:
Subgrants
Total Revenues
EXPENDITURES: Cunent:
Instruction: Special programs
Support Services: Student services Instructional staff support Student transportation services
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
BUDGETED AMOUNT ORIGINAL BUDGET
$ 137.932
1.645.558
1.783.490
$
FINAL BUDGET
137,932
1,645.558
1.783.490
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
$ 137.932
1.645.558
1,783,490
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$
_
831.364 831.364 831,364
OTHER FINANCING USES: Transfers out
437.185 376.761
248
1.645,558
137.932
(137.932)
437,185 376.761
248
1.645.556
137.932
(137,932)
437.185 376.761
248
1.645.558
137.932
(137,932)
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
93
ST. BERNARD PARISH SCHOOL BOARD Ctialmette, Louisiana
NON-MAJOR SPECIAL REVENUE FUND PUBLIC LAW 102-119 PRESCHOOL Schedule of Revenues, Expenditures and Changes In Fund Balance - Budget and Actual For the Year Ended June 30.2009
Exhibit 17
REVENUES: Federal sources:
Unrestricted Indirect cost recoveries Restricted grants-in-aid:
Subgrants
Total Revenues
EXPENDITURES: Current:
Instruction: Special programs
Total Expenditures
BUDGETED AMOUNT ORIGINAL BUDGET
$ 12.305
147.066
159.371
147.066
147.066
$
FINAL BUDGET
12.305
147,066
159.371
147.066
147.066
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
$ 12.305
147,066
159.371
147.066
147.066
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$
.
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 12,305 12.305 12.305
OTHER FINANCING USES: Transfers out (12,305) (12.305) (12.305)
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
94
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
NON-MAJOR SPECIAL REVENUE FUND STATE EXTENDED SCHOOL YEAR PROGRAM Schedule of Revenues. Expenditures and Changes in FUTKI Balance • Budget and Actual For the Year Ended June 30.2009
Exhibit 18
REVENUES: State Sources;
Restricted grants-in-aid
Total Revenues
EXPENDITURES: Current:
Instruction: Special programs
Support Services: Student transportation services
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
OTHER FINANCING USES: Transfers out
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
BUDGETED AMOUNT ORIGINAL BUDGET
S 14.614
14.614
FINAL BUDGET
S 14,614
14,614
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
$ 14.614
14.614
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
S
13.279
1,335
14.614
13.279
1.335
14,614
13.279
1,335
14.614
FUND BALANCES AT BEGINNING OF YEAR
FUNO BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
95
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
NON-MAJOR SPECIAL REVENUE FUND 8G MODEL EARLY CHILDHOOD DEVELOPMENT PROGRAM Schedule of Revenues, Expenditures and Changes In Fund Balance - Budget and Actual For the Year Ended June 30.2009
Exhibit 19
REVENUES: State Sources;
Restricted grants-in-aid
Total Revenues
BUDGETED AMOUNT ORIGINAL BUDGET
$ 137,276
137.276
FINAL BUDGET
S 137.276
137,276
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
$ 137.276
137,276
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$
EXPENDITURES: Cun-ent:
Instnjction: Regular programs 137.276 137.278 137.276
Total Expenditures 137,276 137.276 137.276
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
OTHER FINANCING USES: Transfers out
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
96
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
NON-MAJOR SPECIAL REVENUE FUND VOCATIONAL EDUCATION Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Year Ended June 30,2009
REVENUES: Federal Sources:
Restricted grants-irwaid: Subgrants
Total Revenues
Exhibit 20
BUDGETED AMOUNT ORIGINAL BUDGET
136,479
FINAL BUDGET
138.479
136.479 138.479
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
138,479
138,479
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
EXPENDITURES: Current:
Instruction: Regular programs
Total Expenditures
138479
138,479
138.479
138.479
138,479
138,479
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
OTHER FINANCING USES: Transfers out
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
97
ST. BERNARD PARISH SCHOOL BOARD Chaln>ette, Louisiana
Exhibit 21
NON-MAJOR SPECIAL REVENUE FUND ADULT EDUCATION Schedule of Revenues. Expenditures and Changes in Fund Balance - Budget and Actual For the Year Ended June 30. 2009
REVENUES: Federal Sources:
Restricted grants-in-aid: Subgrants
BUDGETED AMOUNT ORIGINAL BUDGET
98.838
FINAL BUDGET
98.836
ACTUAL (ADJUSTED TO
BUDGETARY BASIS)
98,838
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
Total Revenues 98.838 98.838 98.838
EXPENDITURES:
Instruction: Adutt arKJ continuing education 97,031
Total Expenditures 97.031 97.031 97,031
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 1,607 1,807
OTHER FINANCING USES: Transfers out (1,807) (1.807) (1.607)
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
98
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Exhibit 22
NON-MAJOR SPECIAL REVENUE FUND TANF GED PROGRAM - ADULT & FAMILY LITERACY SERVICE Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For lh« Year Ended June 30. 2009
REVENUES: Federal Sources:
Restricted grants-in-aid: Subgrants
BUDGETED AMOUNT ORIGINAL BUDGET
37.944
FINAL BUDGET
37.944
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
37.944
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
Total Revenues 37.944 37.944 37.944
EXPENDITURES: Cun-ent:
Instruction; Adult and continuing education programs
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
37.944
37,944
37.944
37.944
37.944
37,944
OTHER FINANCING USES: Transfers out
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCXJMPANYING INDEPENDENT AUDITOR'S REPORT
99
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Exhibit 23
NON-MAJOR SPECIAL REVENUE FUND 21ST CENTURY COMMUNITY LEARNING CENTERS Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Year Ended June 30,2009
REVENUES: Federal Sources:
Unrestricted indirect cost Restricted grants-in-aid:
SLrt)grants
Total Revenues
EXPENDITURES: Cun-enl
Instruction: Regular programs
Support Services: Student transportation
Total Expenditures
recoveries
services
BUDGETED AMOUNT ORIGINAL BUDGET
$ 41,923
481.358
523.281
390.911
90.447
481,358
$
FINAL BUDGET
41,923
481,358
523,281
390.911
90.447
481,358
ACTUAL (ADJUSTED TO
BUDGETARY BASIS)
S 41,923
481.358
523.281
390,911
90,447
481.358
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$
.
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 41,923 41.923 41,923
OTHER FINANCING USES; Transfers out (41.923) (41,923) (41,923)
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
100
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
NON-MAJOR SPECIAL REVENUE FUND EDUCATIONAL TECHNOLOGY STATE GRANTS Schedule of Revenues, ExperKlitures and Changes in Fund Balance - Budget and Actual For Ihe Year Ended June 30, 2009
Exhibit 24
REVENUES: Federal Sources:
Restricted grants-in-aid: Sut}grants
Total Revenues
BUDGETED AMOUNT ORIGINAL BUDGET
$ 23.521
23.521
FINAL BUDGET
$ 23.521
23,521
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
$ 23.621
23.521
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$
EXPENDITURES: Current:
Support Services: Instmctional staff support 23.521 23.521 23.521
Total Expenditures 23.521 23,521
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
OTHER FINANCING USES: Transfers out
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
101
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
NON-MAJOR SPECIAL REVENUE FUND HURRICANE KATRINA FOREIGN CONTRIBUTIONS Schedule of Revenues, Expentfitures and Changes In Fund Balance - Budget and Actual For the Year Ended June 30.2009
Exhibit 25
REVENUES: Federal Sources:
Restricted grants-in-aid: Subgrants
BUDGETED AMOUNT ORIGINAL BUDGET
181.760
FINAL BUDGET
181,760
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
181.760
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
Total Revenues 181.760 181.760
EXPENDITURES: Current;
Support Services: Instructional staff support
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
181.760
181,760 181.760
181.760
_181.760
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
102
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
NON-MAJOR SPECIAL REVENUE FUND READINESS AND EMERGENCY MANAGEMENT FOR SCHOOLS Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Year Ended June 30. 2009
Exhibit 26
REVENUES: Federal Sources;
Unrestricted indirect cost recoveries Restricted grants-in-aid:
Subgrants
Total Revenues
BUDGETED AMOUNT ORIGINAL BUDGET
S 14,905
279,334
294,239
S
FINAL BUDGET
14.905
279.334
294.239
ACTUAL (ADJUSTED TO BUDGETARY
BASIS)
$ 14,905
279,334
294,239
VARIANCE WITH FINAL BUDGET
POSITIVE (NEGATIVE)
$
.
EXPENDITURES: Cunwt:
Support Services Instructional staff support 279,334 279,334
Total Expenditures 279,334 279,334
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 14.905 14,905 14,905
OTHER FINANCING USES: Transfers oul
EXCESS OF REVENUES OVER EXPENDITURES AND OTHER USES
(1<.9Q5) (1^.905) (14.905)
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
103
1
THIS PAGE LEFT BLANK INTENTIONALLY
J
104
NON-MAJOR DEBT SERVICE FUNDS
SALES TAX BOND SINKING FUND -1990
The Sales Tax Bond Sinking Funci accounts for that portion of sales and use taxes required to meet the debt service requirements on the 1990 sales tax bonds. Monthly deposits out of the proceeds of the sales and use taxes are required to be made into this fund in an amount that will equal one-sixth of the interest falling due on the next interest payment date and one-twelfth of the principal falling due on the next principal payment date.
SALES TAX BOND RESERVE FUND -1990
The Sales Tax Bond Reserve - 1990 Fund accounts for that portion of the sales and use taxes that are set aside as a reserve to pay principal and interest on the sales tax bonds payable from the bond fund for which there would otherwise be default. The maximum amount required to be accumulated in this fund at June 30,2009 is $266,000.
105
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
NON-f AAJOR DEBT SERVICE FUNDS Combining Balance Sheet June 30,2009
Exhibit 27
SALES TAX BOND-1990
ASSETS: Cash and cash equivalents Receivables
TOTAL ASSETS
LIABILITIES AND FUND BALANCES; LiabilHies;
Accounts, salaries and other payables Interfund payables
Total Liabilities
Fund Balances:
Reserved for debt service
Total Fund Balances
TOTAL LIABILITIES AND FUND BALANCES
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
SINKING
$ 364,393 111.893
S 476,286
$
L
RESERVE
266.055
266.055
$
TOTAL
630,448 111.893
742.341
1.210 55
s
1.210
475.076
475.076
476,286 $
55
266.000
266.0UU
266,055
1.265
1.265
741.076
741.076
$ 742.341
106
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
NON-MAJOR DEBT SERVICE FUNDS Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - By Fund Type For the Year Ended June 30, 2009
Exhibit 28
REVENUES: Local sources:
Sales and use tax Interest eamings
Total Revenues
EXPENDITURES: Current:
Debt service: Principal retirement Interest Bank charges
Total Expenditures
EXCESS OF REVENUES OVER EXPENDITURES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF YEAR
SALES TAX BOND-1990 SINKING
661,913 4.374
666.287
550,000 33.525
1.125
584.650
81.637
393,439
475.076
RESERVE
266.000
266,000
TOTALS
661.913 4.374
666,287
550.000 33,525
1,125
584.650
81.637
659.439
741.076
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT.
107
1
TfflS PAGE LEFT BLANK INTENTIONALLY
108
NON-MAJOR PERMANENT FUND
The Non-Major Permanent Fund is used to report resources that are legally restricted to the extent that only eamings generated, and not in principal, may be used to support programs.
THE JOSEPH ACCARDO SCHOLARSHIP FUND
The Joseph Accardo Scholarship Fund accounts for a $15,000 donation received from the widow of Joseph Accardo in March, 1970. The principal remains intact, and the eamings from investment of the principal are used for an annual scholarship. The most deserving student from a public high school in St. Bemard Parish.
109
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
NON-MAJOR PERMANENT FUND Balance Sheet June 30. 2009
Exhibit 29
ASSETS:
Cash and cash equivalents
TOTAL ASSETS
FUND BALANCE:
Fund Balance; Reserved for scholarships Unreserved - designated
Total Fund Balances
TOTAL FUND BALANCE
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
JOSEPH ACCARDO SCHOLARSHIP
FUND
173.813
$ 15,000 158,813
173.813
$ 173.813
110
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
Exhibit 30
NON-MAJOR PERMANENT FUND Statement of Revenues. Expenditures and Changes in Fund Balance For the Year Ended June 30. 2009
REVENUES: Local sources:
Interest eamings
Total Revenues
JOSEPH ACCARDO SCHOLARSHIP
FUND
6.081
6,081
EXPENDITURES: Current:
Instruction: Regular programs
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
1,250
1.250
4.831
FUND BALANCE AT BEGINNING OF YEAR
FUND BALANCE AT END OF YEAR
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT.
168.982
173.813
111
1
TfflS PAGE LEFT BLANK INTENTIONALLY
112
FIDUCIARY FUNDS
FIDUCIARY FUNDS
School Activity Agency Fund
The activities of the various individual school accounts are accounted for in the School Activity Fimd. While the accounts are under the supervision of the School Board, they belong to the individual schools or their student bodies and are not available for use by the School Board.
113
ST. BERNARD PARISH SCHOOL BOARD Exhibit 31 Chalmette, Louisiana
TRUST AND AGENCY FUNDS SCHOOL ACTIVITY AGENCY FUND. Statement of Changes in Assets and Liabilities For the Year Ended June 30, 2009
Balance Balance
ASSETS July 1.2008 Additions Deductions June 30,2009
Cash and cash equivalents $727.322 $3,016.360 $2.790.949 $952,733
TOTAL ASSETS $727,322 $3,016,360 $2,790,949 $952,733
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT.
LIABILITIES
Deposits due others $727,322 $3.016.360 $2,790,949 $952.733
TOTAL LIABILITIES $727,322 $3,016,360 $2,790,949 $952,733
114
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Exhibit 32
SCHOOL ACTIVITY AGENCY FUND Schedule of Changes in Deposit Balances - By School For the Year Ended June 30. 2009
SCHOOL
Chalmette High Chalmette High-Athletic Adult Education Center Andrew Jackson Elementary Joseph Davies Elementary J.F. Gauthier Elementary C.F. Rowley Elementary W. Smith Elementary St. Bernard Middle N.P. Trist Middle
TOTAL
BALANCE JULYI.
2008
$ 296,176 99.100
-153.463
-87.997
---
90.686
727,322
ADDITIONS
$ 1.640.103 701.045
16.872 111.211 106.045 82.271 13.746 62,291 96,328
186,448
3.016.360
DEDUCTIONS
$ 1.630.957 687,065
7,203 96,608 46.114 61.612
6.756 24,096 46.700
184.838
2.790.949
BALANCE JUNE 30.
2009
$ 305,322 113,080
9.669 166,066 59,931
108.656 7.990
38.195 49.628 92,196
952.733
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT
115
CAPITAL ASSETS
1
TfflS PAGE LEFT BLANK INTENTIONALLY
116
CAPITAL ASSETS INFORMATION
The Capital Assets schedule records the fixed assets of the School Board which are used in govemmental fund-type operations.
117
ST. BERNARD PARISH SCHOOL BOARD Exhibit 33 Chalmette, Louisiana
SCHEDULE OF CAPITAL ASSETS By Source June 30, 2009
Capital assets: Land $934,696 Buildings and Improvements 207,323,152 Fumiture and Equipment 10,903,756 Total Capital Assets $219.161.604
Capital Assets From: General Fund $7,101,876 Special Revenue Funds 4,736,576 Capital Project Funds 207.323.152 Total Investment in Capital Assets $219.161,604
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT.
118
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Exhibit 34
SCHEDULE OF CAPITAL ASSETS By Function June 30. 2009
Function
Buildings and
Land Improvements Instruction: Regular Special
$810,646 68.750
$195,344,280
Furniture and
Equipment
$4,915,472 23.152
Total
$201,070,398 91.902
Support Services: Student Services Instructional Staff Support General Administration School Administration Business Services Plant Services Student Transportation Central Services Food Services Total
-
5.000 -
50.000 -
300 -
-
$934,696
92.484 2.511,963
-
-
9.181.713 192.712
-
-
$207,323,152
1.184,226 67,741 96.344 125.483 456.311
3.337.113 673.128 24,787
$10,903,756
1,276,709 2,584.704
96,344 175,483
9,638,024 3,530,125 673.128 24.787
$219,161,604
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT.
119
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
Exhibit 35
SCHEDULE OF CHANGES IN CAPITAL ASSETS By Function For the Year Ended June 30, 2009
Function
Instruction: Regular Special
Support Services: Instnjctional Staff Support General Administration School Administration Business Services Plant Services Student Transportation Central Services Food Services Total
Capital Assets June 30, 2008
$145,790,926 72.034
899,421 2.568.371
48.231 163.879
2.053,157 3.322.003
708,626 25.421
$155,652,069
ADDITIONS
$56,556,463 16.583
88.924 74.085 15,980 19,711
7.584.667 224,714 37.660 6.765
$64,625,552
DEDUCTIONS
$1,116,017 -
--------
$1,116,017
Capital Assets June 30. 2009
$201,231,372 88.617
988.345 2,642.456
64.211 183.590
9.637,824 3.546.717
746.286 32.186
$219,161,604
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT.
120
TfflS PAGE LEFT BLANK INTENTIONALLY
121
STATISTICAL SECTION
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
STATISTICAL SECTION CONTENTS
Table Page No.
Financial Trends:
These schedules contain trend information to help the reader understand how the School Board's fmancial performance and well being has changed over time.
Net Assets by Component Changes in Net Assets Fund Balances of Govemmental Funds Changes in Fund Balances of Govemmental Funds
1 2 3 4
128 129 130 132
Revenue Capacity:
These schedules contain information to help the reader assess the School Board's most significant local revenue sources, property tax and sales tax.
Assessed Value and Estimated Actual Value of Taxable Property Overlapping Govemments Principal Property Taxpayers Property Tax Levies and Collections Sales and Use Tax Rates and Collections - All Govemments
5 6 7 8 9
134 137 138 140
Debt Capacity:
These schedules present information to help the reader assess the affordability of the School Board's current levels of outstanding debt and the School Board's ability to issue debt in the ftiture.
Ratios of Outstanding Debt by Type Ratios of General Obligation Bonded Debt Outstanding Computation of Direct and Underlying Bonded Debt Legal Debt Margin Information
122
10 11 12
n
142 144 146 148
(continued) ST. BERNARD PARISH SCHOOL BOARD
Chalmette, Louisiana
STATISTICAL SECTION CONTENTS
Table Page No,
Demographic and Economic Information:
This schedule offers demographic and economic indicators to help the reader understand the environment within which the School Board's fmancial activities take place.
Demographic and Economic Statistics 14 150 Principal Employers 15
Operating Infonnation:
These schedules contain service and infrastructure data to help the reader understand how the information in the School Board's financial report relates to the services the School Board provides and the activities it performs.
School Building Information School Personnel Operating Statistics
Other Information:
Schedule of Insurance in Force 19 155 Schedule of Compensation Paid to Board Members 20 156
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive armual fmancial report (CAFR) for the relevant year.
(Concluded)
16 17 18
152 154
123
ST. BERNARD PARISH SCHOOL BOARD TABLE 1 Chalmefle, Loutalona
Net Auela by Componeni 2003-2009 (Unaudited)
2003 20M 2005 2006 2007 2008 2009
Governmental AcOvtUes: InvettMlfncatiRalavMts.natofretateddetM J22.108.395 123.039.383 124.898.645 « 10.777.328 $ 52.110.ft48 < 121.008.265 $179,632,720 Restiicted 3.367,118 3,159.437 6,219.000 27.005.498 7S.659.S36 85.502.545 7S.374.6B8 Uroestricted 2.374.745 5,015.258 5.W7.B22 11.472.936 15.405.511 26,338.584 4.955,586.
TolrtBOVwnmentalaaMtteanrtaMeli $27.670.258 $31.214,076 $36,125.473 $ 46.855.760 $ 143.175,996 < 232,849.394 $262.963.203
NOTE: The district adopted GASB 34 in fiscal yeer 2003 and thus onhr six years of govamment wide Information (s ovaflable.
124
ST. BERNARD PARISH SCHOOL BOARD CMtrrtMie. LOuiSAna
Chang ta in H d A u t t i Z0(a-2009 (Unaudaed)
FunOion Ex pen M s :
hstrucdon:
R Q 9 ' ' ' V proowns Special pragraflig AduB i n d Contnutng Education
Suppon S«vice*: Pupi tuppofi tsrv lcm mitructonal atafl HTvlces GsnvfBl Bdminlltrawn School fldminlttreim B u t a x u u fv ices P temurv lca i Studant trsnsportation Mfvl CM Central u n t c M Food MTwce opa rations
Commurity MTvtca p regnmi InCensl on long tann daU
Toial axpansai
P r o o n m Revenues: Cnargai tor sarwcet'
Regular p i o e w n i Food services operations
Operating grants and contnbuttons
TDUJ pfogiam revenues
Hat (ExpenseVRavamie
Genera) Revenues and Ottter Chinees In Piat Aaseta: Tanai ' Ad vetorem t e i H levied lor ganeral purposes Ad vatorem taxes teviad lor debt service purpoiei Sales taxes lavied (or selanei. benalHs end genaral purposoi
State levanus t h a r ^ Grants and contrtbutions not leHnded to ipeonc prograrM Inure i t aamlngs Other
Total
2003 2009
$30,117,122 BJB6.487
295.652
5.241.474 3,306.126 1.336.057 3.144,029
493,949 3,146.549 2.683.015
473J40 3.505,535
4.100
\ m 2 M
W1,616.538 7,960,906
305.506
3.261.629 3.655.623 1.268.063 3,290.337
502.010 5,465,105 3.474,556
619.716 3.674.309
4.100 1,511.117
$32,991,328 8,300.474
337.612
3,441.581 4.051,232 1.447.762 3.451,400
507.693 5,859.787 3.454.016
462.361 3.786.990
4.100 1.114,609
$14,173,245 2.816,038
135,779
1.301.108 2.026.571 1.073.228 1.538,730
402.406 83.206,207 2.670,628
422,766 1.601,860
4.100 1.105.526
$ 17,716.768 3.216.736
217.576
2.173,854 2.662.221 1.15fl.»5 1.794.200
500,605 6.026,972 4.544,209
519.46B 2.615.368
4.100 1.078,101
$ 10,609.666 4,603.523
220.705
2.B99.714 3.613.670 1 iS1.616 2.362.768
643.621 6.246,218 3.581,061
737,312 2.760.968
4,100 727.732
$ 30.124,235 5.820.382
211,629
2.742.254
3.961.060 1.382.616 2.666,132
666.364 6,216.740 2,927.631
733.610 3.136.325
4.100 824.340
.fll2S2.£SS
11.064.323
(53.169,276)
W,8?7,g21 BB 223 355 112,463.112
11,867.057
{54.670,4041
13.454,934
(55.768,421)
94.659.610
(17.623.502>
99.540,466
54.387,054
40,114.a 72.627,547
711.197 512.038
9,640.186
651.325 506.747
10.806,985
641.530 514.630
12.796.574
369,752 36.520
94,453.338
16,024 73.402
89.452,072
24,370 178.855
64.604,272
72.630 291.330
51.705.691
52.008.651
(20,557.686)
8,393.056 3,029.017
14.901.124 345.001
28.810.271 18.318
657.245
8,226.387 2,867.586
15.130,078 335.734
28.757,151 143.168 461.420
10.439273 3.031,077
15.575126 343.860
29,693.503 347.708
1,240.169
7,314.463 2,918.388
10.513,823 348,304
18.552,108 642,642
5.082.129
7,868.069 2,945,310
11.496,157 347,404
14.317.022 1.839.667
18.653
7,967.643 2,762,833
11.614.369 343.058
16.488,864 1.648.756 3.762.953
8,620,229 3,242.816
11,260,126
-16.111,346 742.704
7.694.280
36.544.995 60678.616 46,571.657 36,933,162 44,979.796 50,671.505
bnpelnaent L A S S Due to Hurrtcane Katrtna
Ctianga In Nat Assets 3.253,080
(15,252,482)
13.695,863 93.320.236 U.673,306
Notar GASa Stalamani No 34 was imptemented lor the year andad June 30.2003
NOTE: The dl t t r id adopted GAS8 34 in fiscal year 2003 and thus oriy sU years ot govemmert wWe lnlonn«ltar\ (s aweUctita.
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
Fund Balances of Govemmental Funds 2000-2009 (Unaudited)
2000 2001 2002 2003
General Fund: Reserved Unreserved
Total general fund
All Other Govemmental Funds: Reserved: Unreserved, reported in: Special revenue funds Capital projects funds Premanent fund
Total all other govememntal funds
121.061 989.572
1.110.633
6,400,931
3.288 5.818.680
41.395 12,264.294
473.655 2.096,765 2.570.420
4.126.088
1.370 3,118.836
52.737 7,299,031
712.932 3.698.450 4.411,382
3.806.895
65.709 2.385.919 ' 71,866
6.330,389
555.041 5.305.010 5.860,051
3.172.880
123.498 2.576.904
75.740 5,949.022
126
TABLE 3
2004 2005 2006 2007 2008 2009
880.486 7.081,774 7.962^260
2.935,371
113.784 3.048.317
110.282 6,207754
1.078,795 9.596,529
10,675,324
2.336.620
89,728 3.661.921
130.737 6,219.0(^
4,710.331 30,867.021 35.577.352
3.700,460
(14.842,507) 23.391,217
144,945 12.394,115
3.034.320 19.294,355 22,328.675
3.194,954
6,163.289 66,150,741
150.852 75,659,836
1.344.650 18,501,430 19.846.080
18,013.059
849,333 79,210.880
153.982 98.227.254
391.433 13.072,716 13,464,149
3.903,425
(1.746,130) 73,531.465
158.813 75.847.573
127
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
Changes in Fund Balances of Govemn>ental Funds 2000-2009 (Unaudited)
2000 2001 2002 2003 2004 2005
Reveruiea: Ad vatorem taxes Sales & use taxes Royalbes and leases Tuitton Food services income Interest eamings Other reveniies
Total revenues from local sources
Revenues from state sources: EquaBzation Omer
Total revenues from state sources
Revenue from federal sources
Total Revenues
Expenditures: Current:
Regular Instrxictional Programs special Instructional Programs Adutt and Community College Programs student Support Services Instntctloaal Staff Support Services General Administration Services School Administration Services Business Services Plant Services Student Transportation Services Central Services Food Services Community Services
Capital Outlay Debt Service:
Principal Interest
Total Expenditures
Excess of revenues over (under) expenditures
Other Financing Sources (Uses): Sale of equipment Insurance proceeds from loss Settlements Proceeds from sale ot bonds Premium on refunding bond issue Proceeds from certificates of indebtedness Proceeds from C:ommunity Disasier Loan Payment to Escrow Agent Bond Issuance Costs Transfers in Transfers Out
Total other finandng sources (uses)
Nel change In fund balances
$5,613,013 12.872.106
171.456 559.257 449.173
1.325.885 458.426
21,449.316
24.294.008 1,978,442
26,272.450
6.471.573
54,193.339
22.166.803 9.144.729
146.450 2.317.143 3.157.589
885.434 2.523.565
338.114 4.373.251 2.516.778
373.138 3.061,872
4.100 7.744.858
1.513.000 1,882.819
62.149.643
(7.956,304)
84,029 (84.029)
.
(7.956.304)
$ 9,584.248 13.236.538
179.470 559.099 434.924 511.382 748.010
25,253.671
25.131.932 1.900.408
27.032.340
6.096,525
58,384.536
22,791.411 9.202,407
182.701 2,814.568 3.142.597 1.007.440 2.810.702
410.091 4.525.590 2.628.602
383.660 3.078,932
4.100 6.425.400
1.607.000 1.809.010
61.824.211
(3,439,675)
9,342
--. -----
441.195 (527,681)
(77.144)
(3.516,819)
$10,260,892 14.787.134
213.867 532.130 433,071 330,619 887.588
27.445.321
27,160.723 2.042.423
29.203.146
6.775.403
63.423,870
27.027.871 7.699.919
223.015 3.090.721 3.138.555 1.131.200 2.920.792
459.587 4.737.998 2.713,313
373.375 3.254.460
4.100 2.311,639
1.689.000 1.695,254
62.470,799
953,071
120
------. -
870,250 (770.250)
(99,880)
853.191
$11,422,975 14.991.124
225.017 711.197 512,938 155.805 565.161
28,584.217
28.910,271 1,982,173
30.892.444
8,131.555
67.608.216
28.994.862 8.301.505
293.298 3.237.051 3,289.429 1.258.179 3.137.505
478.572 5.156.520 2,935.308
401.253 3.487.876
4.100 2.186,396
1,789.000 1.580.036
66.530.890
1,077.326
7.665
1.755.698 (1,762,261)
1,102
1,078,428
$12,095,973 15.130.078
250.298 651.325 506.747 143.188 509.876
29,287,485
29,757.151 2.030,192
31,787.343
9.114.527
70.189,355
30.266.125 8.204.017
309.783 3.273.424 3.557.710 1.206,281 3,263.980
492.027 5.437.971 3,295.716
615.726 3.681.468
4.100 1.014.782
1.685,917 1,491,552
67.820.559
2.368,796
2.305 21.848
-14,370.000 1.124.034
--
(15.443.961) (42,748)
1.276.735 (1.331.068)
(22,855)
2.345.941
$13,470,350 15.575.128
652.604 641,530 514.830 347.708 670.039
31.872.187
29.693.503 1.880.156
31,573.659
10.748.600
74.194,446
32.661.319 8,268,582
332.982 3.434.458 3.941.399 1,369,402 3.445.987
498.218 5.829.612 3.258.394
440.981 3.758.046
4.100 507.029
1,975,000 1.248.752
70,974,239
3,220,207
6.237
--
7,755.000 357,015
--
(8,352.611) (157.102)
1.345,109 (1.449.539)
(495,891)
2.724,316
Debt service as a percentage of non-capital expenditures 6.2% 6.1% 5.6% 5.2% 4.8% 4.6%
128
TABLE 4
2006 2007 2008 2009
$10,232,851 10.513.823
227.736 369.752
36.520 842.642
2,123.075
24,346.399
19.552.108 4.033.434
23.585.542
93.499.526
141.431.467
15.356.935 2.517.983
135,779 1.301.108 2.006.624 1.035.724 1.538.730
394.423 74.565.523
3.274.868 402.233
1.690.964 4.100
29.331.169
2.045.000 1.030.321
136.633.484
4.797.983
178.222 22.172,177
:
4.524.325
6,029.046 (6.529,046)
26,374.724
31,172.707
$10,814,379 11.498.157
176.173 15.024 73.402
1.939.567 3,140.898
27.655.600
14.317.022 1.582,969
15.899.991
94,918,089
138.473.680
24.424.490 3,218.681
217.576 2,173.854 2,976.940 1.101.625 1,794,200
478,949 6.912.658 4.496.891
490,258 2.614.452
4.100 38.507.707
2.155.000 1,034,638
92.602.019
45.871.661
1.200.000 3.342.083
-
38.040.637 (38.437.337)
4.145.383
50,017.044
$ 10.720.776 11.814.389
93.208 24.370
179.855 1.848.756 3.669.745
26.351.099
16.469.864 7.212.848
23.702.712
77.734.482
129.788.293
32.351.380 4.761.535
220.705 2.699.714 3.006.610 1.177.601 2.353.727
592.041 4.318.328 3,375.118
551.583 2.744,675
4,100 71.000.175
2.245,000 941.450
132.343.742
(2.555.449)
23.000,000
-
-
31.853.712 (32.213,440)
22,640,272
20,084.823
$ 12.883.047 11.260.126
130.219 72.630
291.330 742.704
2,233.397
27.593.453
16.111.348 7.157.037
25,268.385
52,220.221
105.082,059
35,825.717 5.829.382
211.629 2.742.254 4.222.905 1.327.248 2.894,863
666,598 8.262,358 2.917.346
630.884 3,134.681
4.100 61,647.344
2.340.000 842.163
133.499,452
(28.417,393)
265 127.516
•
-
24.794.782 (25,268.782)
(344.219)
(28,761.612)
2.9% 5.9% 5.2% 4.4%
129
ST. BERNARD PARISH SCHOOL BOARD Chalmette. LouisJana
Assessed and Estimated Actual Value of Taxable Property 2000-2009 (Unaudited)
YEAR ENDED JUNE 30
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
LAND AND IMPROVEMENTS (1)
ASSESSED VALUE
167.844.293
177.316.839
180.204,693
186.715,064
192.470,245
200.804.349
102.277.434
102.525,465
87.471,257
124,650.048
ESTIMATED ACTUAL VALUE
1.678,442.930
1.773.168.390
1.802.046.930
1.867.150.640
1,924,702.450
2.006,043.490
1.022.774.340
1.025.254.650
874,712.570
1.248.500.480
OTHER PROPERTY
ASSESSED VALUE
129,274.697
133.379,760
140.965,112
164.770.363
178.976.006
185.357.860
173.925.041
174.734,920
178.911.263
200,837.534
ESTIMATED ACTUAL VALUE
793.553,127
816.951,726
669.172,270
987,796.367
1,052.600.035
1.090.340,353
1.023,066,467
1.027,652.471
1.071.273.860
1.161,397,259
(2)
(1) Land and Improvements are assessed at 10% of estimated actual value.
(2) Public Service Properties are assessed at 25% of estimated actual value. All other properties are assessed at 15% of estimated actual value.
(3) A Homestead Exemption is allowed for up to $7,500 of the assessed value of the taxpayer's principal residence.
Source: St. Bemard Parish Assessor's Office
130
TABLES
EXEMPTIONS (3)
LAND AND IMPROVEMENTS
106.641,807
109.200,217
110,426.007
111,267.009
112.131.987
113.253.307
60.927.306
55.682.439
36.117,327
46.255,247
TOTAL DIRECT
TAX RATE
29.25
48.25
46.23
48.09
46.25
45.50
49.00
49.00
47.50
45.55
TOTAL
ASSESSED VALUE
190,477,383
201,496.382
210.743.798
240.198.416
259.314,264
272.908.902
215.275.167
221.377.946
230.265.193
279,432,335
ESTIMATED ACTUAL VALUE
2.471,996.057
2.592,120.116
2,671.219.200
2.654.949.007
2.977.502.465
3.098,383.643
2,045.862.807
2.053,107,121
1.945.986,430
2,429,897.739
RATIO OF TOTAL ASSESSED VALUE
TO TOTAL ESTIMATED ACTUAL VALUE
7.71%
7.77%
7.89%
8.41%
6.71%
6.61%
10.52%
10.76%
11.83%
11.50%
131
1
TfflS PAGE LEFT BLANK INTENTIONALLY
132
ST, BERNARD PARISH SCHOOL BOARD Chalmette, Louisiarw
TABLE 6
Overlapping Governments 2000-2009 (Unaudited)
YEAR ENDED JUNE 30
2(K)0
2001
2002
2003
2004
2005
2006
2007
2008
2009
SCHOOL DISTRICT DIRECT RATE
OPERATING MILLAGE
16.00
35,00
35.00
35.00
35.00
35.00
3S.O0
35.00
35.00
33.55
DEBT SERVICE MILLAGE
13.25
13.25
13.23
13.00
t t , 25
9.30
14.00
14.00
12.50
12.00
TOTAL SCHOOL MILLAGE
29.25
48.25
48.23
48.09
46.25
44.30
49.00
49.00
47.50
45.55
OVERLAPPING RATES ST. BERNARD
PARISH GOVERNMENT
21.27
21.60
21.10
21.10
20.85
20.09
19.93
19.68
19.18
18.44
OTHER
eNTITIES
29.94
30,33
35.33
35.03
34.se
35.53
34.61
34.86
35.11
33.78
TOTAL DIRECT OVERLAPPING
RATES
80.46
100.18
104.66
105.02
101.68
S9.92
103.54
103.54
101.79
97.77
Source: St. BerT>ard Parish AaseMor'B Office
133
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Principal Property Taxpayers June 30 2009 and Nine Years Ago (Unaudited)
FISCAL YEAR 2009
TAXPAYER
Chalmette Refining
Murphy Oil
Colonial Pipeline Co.
Entergy Louisiana, Inc.
Southern Naturai Gas
American Sugar / Domino
CM Cartjon. LLC
Capital One Bank
Bellsouth
Regions Bank
Shell
Energen Resources
Banc One
TYPE OF BUSINESS
Oil and Gas
Oil and Gas
Oil and Gas
Electric Utility
Gas Utility
Sugar Refinery
Refinery
Financial Services
Telephone Utility
Financial Services
Oil and Gas
Oil and Gas
Financial Services
Totals
TAXABLE ASSESSED VALUATION
$68,934,463
37.031,507
17,357.960
9.440,900
8.567,980
7,516.219
3.960.890
3.902,921
3.419,606
3.097,160
-
-
-.
$163,229,606
RANK
1
2
3
4
5
6
7
8
9
10
PERCENTAGE OF ASSESSED
VALUATION
25.88%
13.90%
6.61%
3.54%
3.22%
2.82%
1,49%
1.47%
1.28%
1.16%
-
-
-
61.27%
Source: St. Bemard Parish Assessor's Office
134
TABLE 7
FISCAL YEAR 2000 TAXABLE
ASSESSED VALUATION
$43,582,854
19,185.461
6.275,350
5.520,040
6.517.463
-
4.311.765
6,251,963
5,467.034
3,662,767
4.485,404
105.260.101
RANK
1
2
4
6
3
9
5
7
10
8
PERCENTAGE OF ASSESSED
VALUATION
22.88%
10.07%
3.29%
2.90%
3.42%
0.00%
2.26%
3.28%
2.87%
1.92%
2.35%
55.24%
135
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
TABLES
Property Tax Levies and CoDectens 2000-2009 (Unaudited)
YEAR ENDED JUNE 30
2000
2001
2002
2003
2004
20DS
2006
2007
200S
2009
TAX MILLAGE
29.25
48.25
48.23
48.09
46.25
44.30
49.00
49.00
47.50
45.55
1
2
3
4
5
6
7
a
9
TAXES LEVIED (1)
5.S71.463
9.616.432
10.164.173
11.546.393
12.259.849
13.470.350
10.542.635
10.841.667
n.147.513
12,722.680
TAXES COUECTED
5,613.013
9.584.248
10.260.892
11,412,471
12.095,973
13,470.350
10,232,851
10.814.379
10.720,776
12,863,047
PERCENTAGE OF LEVY
100.75%
99.67%
100,95%
98.85%
98.66%
100.00%
97.06%
99.75%
96.17%
101.10%
Genaral Fund
Debt Service
Total
Recap of Tax MIBage per $1 .Ooo of assessed value
16.00 35,00 35.00 35.00
13.25
29 25
13.25
4B2S
13.23 1309 3 4
4823 4 B W
35.00
11.25
4 6 2 ^
35.00
8.30
44.30
35.00
M.OO
4900
35.00
12.S0
47,50
33.55
12.00
4S.S5
(1) Figures provided by the St. Bernard Parish Assessor's Offic«. Some of the assessed properties are exempted from this tax mlltage. But since these exempt properties are not idei^lifiabte by the School Board their values mmein in the Taxable Assessed amount.
Sourc«: St Bernard Parish Assessor's Office
t36
TfflS PAGE LEFT BLANK INTENTIONALLY
137
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
Sales and Use Tax Rates and Collections - All Govemments Last Ten Fiscal Years (Unaudited)
Sales and Use Tax Rates
Fiscal Year
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
School Board
2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
Parish Council
2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
Parishwide Water/ Sewer District
0.50% 0.50% 0.60% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%
Law Enforcement
0.50% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%
Total Rate
5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
(1) information provided by the St. Bernard Parish Sheriffs Department (2) Total rate represents the maximum amount that may be assessed by local taxing
authorities. These rates do not include State sales and use tax. (3) Sales taxes collected by the St. Bemard Parish SherifPs Office are on the cash basis. (4) On August 29, 2005, St. Bernard Parish suffered a direct hit by Hurricane Katrina. The effect
on the Parish economy resulted in a significant decrease in sales tax revenues.
138
TABLE 9
Tax Collections Parishwide
School Board
12.872,106 13.236.538 14.787.134 14,991,124 15,130.078 15,575.128 10.513.823 11,496,157 11,814.389 11.260,126
Parish Council
12,872.106 13,236.538 14.787,134 14,991.124 15,130,078 15.575,128 10.513.823 11.496.157 11,814.389 11,260.126
Water/ Sewer District
3,218.027 3.309.135 3.696.784 3,747.781 3.782,520 3,893.782 2,628,456 2.874.039 2.953,597 2,815,032
Law Enforcement
3.218.027 3,309,135 3,696.784 3,747.781 3,782,520 3,893,782 2.628,456 2,874,039 2.953.597 2.815,032
Total Collections
32.180,266 33,091,346 36,967,836 37,477,810 37,825,196 38.937,820 26.284.558 28J40.392 29.535,972 28,150.316
(4)
139
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Ratios of Outstanding Debt by Type 2000^2009 (Unaudited)
YEAR ENDED JUNE 30
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
ESTIMATED POPULATION (1)
66,903
67,229
66,473
66,486
66,113
65,972
25,489 *
25.592
25,826
33,439
NUMBER OF STUDENTS
8,648
8,447
8.412
8,383
8.495
8.433
2,460 •
3.816
4.405
4.802
GENERAL OBLIGATION
BONDS
29,550.000
28,405.000
27,200.000
25.925,000
24,905,000
23.310,000
21,755.000
20.115.000
18,400,000
16,610,000
* Enrollment and population decreases due to devastation caused by Hurricane Katrina. •* Current information unavailable,
(1) Source: Louisiana Technical University/U.S. Census Bureau (2) Source: St. Bemard Parish Assessor's Office
140
TABLE 10
SALES TAX
BONDS
5.070.000
4,675.000
4,260,000
3.820,000
3,360.000
2,660,000
2.170,000
1.655,000
1,125,000
575.000
TOTAL BONDS
OUTSTANDING
34,620,000
33.080,000
31,460.000
29,745.000
28,265,000
25.970,000
23,925,000
21,770.000
19,525,000
17,185.000
PERCENTAGE OF PERSONAL
INCOME
2.47%
2.32%
2.31%
1.85%
1.67%
1.09%
2.61%
3.08%
2.10%
1.43%
NET BONDED DEBT
PER CAPITA
517
492
473
447
428
394
939
851
756
514
NET BONDED DEBT
PER STUDENT
4.003
3.916
3,740
3,548
3.327
3.080
9,726
5.705
4,432
3.579
141
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Ratios of General Obligation Bonded Debt Outstanding 2000-2009 (Unaudited)
ASSESSED
YEAR ENDED JUNE 30
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
ESTIMATED POPULATION (1)
66,903
67,229
66,473
66,486
66,113
65,972
25,489 *
25,592
25,826
33,439
VALUE OF TAXABLE
PROPERTY (2)
190.477,383
201.496,382
210,743,798
240,198,418
259,314,264
272,908,902
215.275,167
221,377,946
230,265.193
279,432,335
GENERAL OBLIGATION
BONDS
29,550,000
28,405,000
27,200,000
25.925,000
24,905,000
23,310,000
21,755,000
20,115,000
18,400,000
16,610,000
* Enrollment and population decreases due to devastation caused by Hurricane Katrina.
(1) Source: Louisiana Technical University (2) Source: St. Bemard Parish Assessor's Office
142
TABLE 11
LESS: AMOUNTS AVAILABLE IN DEBT
SERVICE FUNDS
944,462
839.040
839,522
1,133,210
1,399,346
1.629,542
1.991,119
2.333,476
2,463.376
3,037.159
NET GENERAL
OBLIGATION BONDS
28,605.538
27,565.960
26,360.478
24,791,790
23,505,654
21.680,458
19.763,881
17.781,524
15,936.624
13.572,841
RATIO OF NET BONDED
DEBT TO ASSESSED VALUE
15.02%
13.68%
12.51%
10.32%
9.06%
7.94%
9.18%
8.03%
6.92%
4.86%
NET BONDED DEBT
PER CAPITA
428
410
397
373
356
329
775
695
617
406
143
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
TABLE 12
Computation of Direct and Underlying Bonded Debt General Obligation Bonds June 30, 2009 (Unaudited)
Jurisdiction
Direct:
St. Bernard Parish School Board
Underlying:
Parish of St. Bemard
Total Underiying Debt
Total
General Obligation
Bonded Debt Outstanding
$16,435,000
350.000
350.000
$16,785,000
Percentage Applicable
to Government
100%
100%
Amount Applicable
to Govemment
$16,435,000
350,000
350.000
$16,785,000
(1) Taxable assessed value of property subject to School Board's assessment - $279,432,335.
Source: Respective Government Entities
Total Assessed Valuation
of Property Applicable to Bonded Debt (1)
$325,687,582
144
TfflS PAGE LEFT BLANK INTENTIONALLY
145
ST. BERNARD PARISH SCHOOL BOARD Chalnrrette, Louisiana
Legal Debt Margin Information June 30, 2009 (Unaudited)
2000 2001 2002 2003
Debt Limit $ 103.991,717 $ 108,743.810 $ 112.409,432 $ 123,019.899
Total net debt applicable to limit 28.605,538 26.894.600 25,479.199 24,791.790
Legal debt margin $ 75.386,179 $ 81.849.210 $ 86.930.233 $ 98.228,109
Total net debt applicable to the limit as a percentage of debt limit 27.51% 24.73% 22.67% 20.15%
Legal Debt Margin for Fiscal Year 2009:
Assessed Valuation: Taxable Assessed Value $279,432,335 Add: Exempt Property (Homestead Exemptions) 46.255,247
Total Assessed Value $325.687.582
Legal Debt Margin: Debt Limitation - 35% of
Total Assessed Value $113,990.654
Debt Applicable to Limitation: Total General Obligation Bonded Debt $16,610,000
Less: Amount Available for Repayment of General Obligation Bonds 3,037.159
Total General Obligation Debt Applicable to Limitation 13.572.841
Legal Debt Margin $100.417.813
Source : St. Bernard Parish Assessor
146
' — ' '
147
TABLE 13
2004 2005 2006 2007 2008 2009
$130,006,188 $135,156,773 $ 96,670.866 $ 97.041.135 $ 93,233.882 $113,990,654
23.505.654 21,660,458 19,802.905 17,781,524 15.277,185 14,147.841
$106.500.534 $113,476,315 $ 76.867.961 $ 79.259.611 $ 77.956.697 $ 99.642,813
18.08% 16.04% 20.48% 18.32% 16.39% 12.41%
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
TABLE 14
Demographic and Economic Statistics 2000-2009 (Unaudited)
FISCAL YEAR
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
POPULATION (1)
66,903
67,229
66,473
66,486
66.113
65.972
25.489
25,592
25.826
33,439
PERSONAL INCOME
1,420,952,817
1,426,196.006
1,364.225,379
1,603,575,834
1.693,815,060
2,391,155.140
916,049,171
705,878,544
952,757.433
1.201,764,221
CAPITA INCOME (2)
21,239
21.214
20,523
24,119
25,620
54,810
35,939
27,582
31,589
35,939
SCHOOL ENROLLMENT
8.648
8,447
8,412
8,383
8,495
8,433
2,460
3,816
4,405
4,802
* Information not yet available
(1) Estimated population as of December 31 of Fiscal Year.
(2) Source: Bureau of Labor Statistics, Sun/ey of Curent Business.
(3) Source: Louisiana Annual Financial and Statistical Report.
148
ST. BERNARD PARJSH SCHOOL BOARD Chalmette. LA
Table 15
Principal Employers Current Year (Unaudited)
Employer
Exxon Mobil St. Bemard Parish School Board St. Bemard Parish Govemment Domino Sugar Murphy Oil Boasso America SDT Waste and Disposal Associated Terminals
Number of Employees
1,100
765 450 375 300 180 145 130
% ofTotal Employment
12.02% 8.36% 4.92% 4.10%
3.28% 1.97% 1.58%
1.42%
Source: St. Bemard Chamber of Commerce
149
ST, BERKARD PARISH SCHOOL BOARD Chilmctte, LA
Tible 16
School Buildina taroniutioii June 30. 2009
(UniDdiled)
l u t n c U o a i l Sltt
High School Chihncne High Chilnir t teHigh.L«o«e
Rowky Attnmtivc
MiMcSdwoU TrinMuUle SL Benurd Middle POTBcHregird
Elementary Schools Andrew Jtckson Elemcntiiy D«vies Elem enuiy
OamhiCT Etentraury
Smith Etancouuy Anbi EWmcoUiy SebuoanRoy
Nm-lnMnictianil
CcmriJ Office Adminirtnmon I>wtlting - St. Beniud
Wmfaoiue
MumeHKc/Tnns Wbse Mmu* Center
Date Coawrucied
1961 2009
2006
1964
1965 1976
1966 ZOOS
1965 200S 196S 1961
DMe ConstriKted
1962 1970
196S 1969 1969
Date UpcrmdH
2006.2009
. -
2D0S 200B
Pending Renoviiions
2006
-2006
. Pending Renovtikmi Pending Renovations
D a u Unraded
2006 2006 2006 2006
Pending Renovations
C r a d a Taught
9 - 1 2 9
6 - 1 2
6 - 8 6 - 8 6 - 8
Pre-K-5 Pre-K-5 P T B - K - J
Pre-K-5
6 - 8 K - 5
Namberaf BviMiaei
3 1
1 3 2
Capadly S q . F t
206,715
105.261 64^W
78.712 120,856 91.221
204,636 71.350 53.876 86,737
111.156 52,085
Capacity So. Ft.
38,691
9.490
1.795 20,345 21.951
No. of Rated
Otu rDOW
65
24 39
36 42 o/a
68 48 33 42
rifa n/a
Na. of Rated
Rooms
63 3
1 7
n/a
Student Capadty
1625
600 975
900 1050 n/a
1700 1200 125 1050
n/a n/a
TfflS PAGE LEFT BLANK INTENTIONALLY
151
ST. BERNARD PARISH SCHOOL BOARD Chatmette, Louisiana
School Personnel 2002-2009 (Unaudited)
Teachers: Less than a Bachelor's degree Bachelor Master Master + 30 Spedalisl In Education P h D or Ed.D
Total
2002
616
2003
651
2004
641
2005
2 433 138 43
2
2 450 152 44
3
2 451 145 40
3
2 450 153 37
1
643
2006
50 26
6
82
Principals & Assistant Principals: Bachelor Master Master+ 30 Spedall&t In Education Ph.DorEd.D
0 18 14
0 20 13
0 23 12
0 26 10
0 11 9
Total 32 33 35 36 20
Source: Agreed upon procedures report on perfonnance and statistical data accompanying the finandal statements.
Notes: (1) The agreed upon procedures report on performance and statistical data is avaHable only for the fiscal years ended
June 30 2002 through 2009.
152
TABLE 17
2007 2008 2009
1 151 47 16
1
216
0 11 7
.
1 224 56 16
1
298
0 12 6
.
1 289 63 15
1
369
0 16 6
1
18 18 23
153
ST. BERNARD PARISH SCHOOL BOARD TABLE 18 Chalmette, Louisiana
Operating Statistics 2003-2009 (Unaudited)
YEAR ENDED JUNE 30 EXPENSES
S 64,253.599
66.637.521
69,223,355
112.483.112
45,153.444
40.733,090
72.627.547
(1) ENROLLMENT
8,333
(2)
8,495
6,433
2.460
3.816
4.405
4.802
COST PER PUPIL
$ 7,665
7.844
8,209
45.725
11.833
9.247
15.124
PERCENTAGE CHANGE
0.00%
2.34%
4.64%
457.03%
-74.12%
-21.85%
63.56%
TEACHING STAFF
651
641
643
82
216
298
369
PUPIU TEACHER
RATIO
14.07
13.86
13.69
24.5
23.32
26.15
N/A
2003
2004
2005
2006
2007
2008
2009
(1) The <£sthct adopted GASB 34 in fiscal year 2003 thus only seven years of data is avaaable.
(2) Expenses include FEMA related deanup costs following Humcane Katrina.
154
ST. BERNARD PARISH SCHOOL BOARD Chalmrtc, LA
Schedule of Insurance in FOXM June 30, 2009 (Uoaudited)
TypeorCoTera^e/ NaimeofComoanY
Flood NFIP
Property A Casutty Allied World Auurutce Axis Sujpliu Insurance Co The StcwUast Iniujince Co Westchdtcr Surplus RSUI Max Specialty
General UablBty LARMA
A M O
LARMA
Legal UatrilUy LARMA
Policy Period Fro™ To
5AH/2008
4/1/2008 4/1/2008 4/1/2008 4/1/2008 4/1/2008 4/1/2008
l(Vl/2008
I0/I/200I
10/1/2008
5/31/2009
3/31/2009 3/31/2009 3/31/2009 3/31/2009 3^1/2009 3/31/2009
9/30/2009
900^2009
9/30ra)09
DetaUiof Coveraee aw) CoinsuraiKe
Structure ContenU
Blanket Coverage • all propcny AH risk indading Named wind/hail AH risk iscludiog Named winiVhul - 50% An risk incUidinj Named w i n d ^ i l . 50% All risk including Named wind/hail Excluding Wind Wfaid and Hail
Bodily liuury / Property Damage
Botfily Injury / Property Damage
U K I from nesliient acts and rrom
TABLE 19
Coverage l lwitt
Maximum SSOO.OOO each Maximum $500,000 each
116.964,582 5,000.000/ 1.000.000 deductible 10,000,000 / 5,000,000 deductible
5.000.000/ 15,000.000 deductible 5,000.000 / 20.000.000 deductible 96.964,512 / 20,000,000 deductible
1.000,000 / 3.000.000 Annual Assrcgale
25.000 deductible
1.000.000 / 25.000 deductible 5.000/50,000 Medical
Premhim
93,497
.135.436
1.000.000/ 15.000 deductible
50.117
136.329
11.878 errors and omitsioni
Fklriity
6/21/2008 6/20n009 Employee Theft 500.000/5.000 deductAle 1.952
Worker* Comptmaiion Self Insured Safely NatJotnl
StodcDt and Aititcte
UniledHcallhcaje
7/1/20O8 600/2009 AH Employees 7/1/2008 6/30/2009 Excess Workcn Comp Coverage
8/1/2008 7/31/2009 All Athletes and ExtracuirKulBr Qtoupi
300.000
1,000,000 / 300.000 deductible
25.000
32.428
ST. BERNARD PARISH SCHOOL BOARD TABLE 20 Chalmette, Louisiana
Schedule of Compensation Paid to Board Members For the Year Ended June 30, 2009 With Comparative Totals for the Year Ended June 30, 2008 (Unaudited)
Hemrian J. Bonnette, Sr. Donald D. Campbell Hugh C. Craft - President (from 1/2008) Lynette Difatta Diana B. Dysart - President (through 12/2007) William H. Egan Clifford M. Englande Sharon A. Hanzo Henderson Lewis, Jr. Joseph V. Long Perry Nicosia
2008 2009
$7,200 7,200 7.500 7,200 7,500 7,200 7,200 7,200 7,200 7,200 7,200
$79,800
$7,200 7,200 7,800 7,200 7,200 7,200 7,200 7,200 7,200 7,200 7,200
$79,800
156
THIS PAGE LEFT BLANK" INTENTIONALLY
157
SINGLE AUDIT
SECTION
LAPORTESHHRT ROMIG HAND
CrRriHt'n PUBLIC \CCOUNTANTi
R n r O R T ON INTEl^NAL CONTROL OVER FINANCi/VL REPOUTING AND ON CO.MIMJANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL
STATEMENTS PERf ORMED IN ACCOKD-A-NCE WITH GOyERNMENTAUDITING STANDARDS
To ihc Members nfihe Sl. Bernard Parish Sciiool Board
Chiilmciie. Louisiana
Wc have audiied ihe financial siaicniems ofihe governmental aeiiviiies, each inajor fund and the aj^gregaic reniaininc; fund infonnation of Sl. Bernard Parish School Board as ofand for ihe year ended June 30. 2009. wliich collcciivcly comprise ihc St. Bemard Parish School Board's basic financial siaicnienis and have issued our repon thereon dated Ociober 22, 2009, We conducted our audit in accordance with audiiinu standards uenerally accepted in the United States of .America and the standards applicable to financial audits contained in Govemmeni Audiiing Siano'ara's, issued by the Coniplroller General ofihe United States.
hnemal Control Over Financial Reponini:
in planning and pcrfomiinu our audit we considered the St. Bernard Parish School Board's iiiiCiTiai coniiol over financial repoaing as a basis for designing our audiiing procedures for the purpose of cxpressiiig our opinion on the financial siaiemcnts, but not for ihe purpose of expressing an opinion on liie effectiveness of Si. Bt-rnard Parish School Board's intemal control over nnancial reporting. .AccordingI}, we do not express an opinion on the effectiveness of Sl. BcmarJ Parisii School Board's inienial control over financial reporting.
.'\ confrol deficiency exists when the design or optraiion of a conirol do.s not aliou inanagemeni or L-mployecs. in the nonnal course of pcrfomiiiig their assigned functions, to prevent or deieci misstatcinents on a timely basis. .\ significant deficiency is a control deficiency, or combination of ccniiol deficiencies, thai adverse!)' affects the eniit>'s ability to initiate, authorize, record, process^ or I'jpon financial data reliably in accordance with generally accepted accouniing principles such that there 1? more than a rcnioie likelihood thai a misstaiemeni ofihe entity's financial siaiejncnis thai is more ihan inconsequential will nol be prevented or detected b\' the entity's intemal control.
.A innieriai weakncs.s is a significant dcilcicncy. or combination of significant deficiencies, that ixsuhs in more than a remote likelihood ihat a material misstatement ofihe financtai staiements will nol be prevented or detected by the entity's interna! control.
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Our consideration of the internal control over financial rcpoiting was for the limited purpose described in ihe firsi paragraph of this section and would nol necessarily identify all deficiencies in internal control thai might be significant deficiencies or material weaknesses. We did nol tdt-tnify any deficiencies in intemal control over financial reporting that wc consider to be material weaknesses, as defined above.
Comt^liance and Other Mallei's
As part of obtaining reasonable assurance about whether the Si. Bemard Parish School Board's financial statements are free of material misstaiemeni. wc performed lests of its compliance with certain provisions of laws, regulations, conlracis and gram agreements, noncompliance with which could have a direct and material ciTeci on ihc dcicrmination of financial siaiemenis amounts. However, providing an opinion on compliance with those provisions was nol an objcciive of our audii and. accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters ihal are required lo be repoiied under Covcrnnieni Audiiing Standards.
This rcpon is intended sole!)' for ihe information and use of the Sl. Bernard Parish School Board, the Siaic of Louisiana, federal awarding agencies and pass-through entities, and the Legislative Auditor of the State of Louisiana, and is not intended to be and should not be used by anyone oiher than those specified parlies. Under Louisiana Revised Siatiite 24:513, this report is distributed by ihe Legislative .Auditor as a public document.
October 22. 2009 A Professional Accounting Corporation
159
• - f , l
LAPORTE SEH RI ROMIG HAND
ClflTIFlfD I'UflllCACCObNIA.'Mj
REPORT ON COMPLIANCE WITH RKQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLLVNCE IN
ACCORDANCE WITH OMB CIRCULAR A-133
To the Members of the Sl. Bemard Parish School Board
Chalmcne. Louisiana
Compliance
We have audited the compliance of the St. Bernard Parish School Board with the types of compliance requiremenis described in the U. S. Office of S'kmaf^emcnt and Budget (OMB) Circular A-133 Cof}iplia)ice Supplemem that arc applicable lo each of its major federal programs for the year ended June 30, 2009. 1'he St. Bernard Parish School Board's major federal programs are identified in the sunimaiy of auditor's results seciion of the accompanying schedule of findings and questioned costs. Compliance with the requiremenis of laws, regulations- conlracis and crams applicable to each of its major federal programs is the responsibility ofihe Sl, Bernard Parish School Board's management. Our responsibiiii> is to express an opinion on the Sl. fiernard Parish School Board's compliance based on our audii.
We conducted our audit of compliance in accordance wiili auditing standards generally accepted in the United Slates of .America; the standards apphcable lo financial audits contained in Govemmeni Audiiing Standards, issued by the Comptroller General of the United States; and OMB Circular A-i3j . Audits ojStales. Local Governments, and h'on-Profii Or*ianizaiions. Those standards and OMB Circular .''\-i33 require tiiai wc plan and perftimi ihc audit lo obUun reasofiablc rissuiaricc aboui whether noncompliance with the types of compliance requirements referred to above could have a direct and material effect on a major federal program occuned. An audit includes CNumimng. on a lest basis, evidence about the Sl. Bernard Parish School Board's compliance with those requirements and perfomiing such other procedures as wc considered necessar)' in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit dues not provide a legal deierininalion of the Sl. Bernard Parish School Board's compliance with those requirements.
In our opinion, the St. Bernard Parish School Board complied, in all material respects, with the lequiremenis referred lo above that are applicable to each nf iis major federal programs for the year ended June 30.2009.
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RSM McCiaclrey Network
160
Internal Control Over Compliance
The management of the Sl. Bemard I'arish School Board is responsible for establishing and maintaining effective intemal control over compliance with requirements of laws, regulations, conlracis and grants applicable to federal progiains. In planning and performing our audit, wc considered the Sl. Bernard Parish School Board's iniemal coniro! over compliance with requirements ihal could have a direct and material effect on a major federal program in order to determine our auditing procedures for the puiposc of expressing our opinion on conipliance, but not for ihc purpose of expressing an opinion on the efTectiveness of internal control over compliance. Accordingly, wc do not e.xpress an opinion on Ihc cffecii\'ciiess of Sl. Bernard Parish School iioard's iniemal conirol over compliance.
A control deficiency in an entity's iniemal control over compliance exists when ihc design or operation of a control does not allow managemeni or employees, in ihe normal course of performing ihcir assigned functions, lo prevent or detect noncompliance with a type of compliance requirement of a federal program on a limeK' basis. .A significant deficiency is a control deficiency, or combination of control deficiencies, thai adversely affccis ihe cntiiy's abihiy to administer a federal program si.ich thai there is more ihan a remote likelihood thai noncompliance with a type of compliance requirement of a federal program that is more than inconsequcniial will not be prevented or detected by Ihe entity's internal control.
A material weakness is a significant deficiency, or combination of significanl deficiencies, thai results in more than a remote likelihood that material noncompliance wiiii a ty|X.' of compliance requiremcni ofa federal program will not be prevenicd or detected by the entity's intemal coniro}.
Our consideration ofihe iniemal control over compliance was for the limited punxjse described in the first paragraph of this section and would nol necessarily identify all deficiencies in internal control thai might be significant deficiencies or material weaknesses. We did not identify any deficiencies in iniemal control over compliance that we consider to be material weaknesses, as defined above.
This repon is iniended solely for ihc infonnation and use of managcmcnl, ihc St. Bernard }*arish School Board, the Stale of Louisiana, federal awarding agencies and pass-through entities, and ihe Legislative Auditor of the Stale of Louisiana, and is not intended to be and should not be used by anyone other than those specified parlies. Under Louisiana Revised Statute 2-4:513, this report is disiribuied by the Legislative Auditor as a public document.
A Professional Accouniing Corporation
October 22. 2009
161
ST. BERNARD PARISH SCHOOL BOARD Chalmene. Louisiana
Schedule of Expenditures of Fedefal Awafdi For the Year Ended June 30. 2009
FEDERAL GRANTOR/ PASS THROUGH GRANTOfW
PROGRAM NAMF _
United Suies Department of Agriculture: Paued through Louisiana Deparvnant of Agrrcufture and Forestry:
Food Dtstnbulion Program Paued through Louisiana Department of Education: School Breakfati Program National School Lunch Program Summer Food Service Program for Children USDA Team Nutrition Training Grant
Total United Statei Department of Agriculture
United States Department of Health 3nd Human Service*: Direct Program: 2009 Headstart
Passed thrtiugh Louisiana Department o( Education Temporary Assistance to Needy Families:
2009 AduR Education - Literacy
FEDERAL PASS-THROUGH CFDA GRANTORS-
NUMBER AWARD NUMBER
10.S50
93SS8
EXPENDITURES
S121.330
10.553 10.555 10.559 10.574
93.600
N/A N/A N/A N/A
06CHO392/1B
3B0.138 1.137.579
51.325 12.569
1.682.939
1.004.013 1.004,013
29-09-EP-4i 37.944
37.944
Total United Slates Depinmenl o* Health and Human Services
United States Department ol Defense 2006 Department of the Air Force • JROTC
Total United Slates Oepirtmeni of Defense
N/A N/A
1,041.957
62.545
62.545
United Stales Department of Education:
2008 Readiness and Emergency Management for Schools
Passed through Louisiaria Department of Edi/cation: 2009 Adult Education • Basic Grant
84.184E
e4.002A
Q1B4E070165
08-44^4
.asisaa
98,836 98.838
Educationalty Deprived Children: 2009 Tide t 84.010
SEE ACCOMP/UJYING INDEPENDENT AUDITORS REPORT AND NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS.
28-09-T1-44 3.165,253 3.165.253
162
ST. BERNARD PARISH SCHOOL BOARD Chalmette, Louisiana
Exhibit 36
Schedule of Expenditure! of Federal Awards For the Year Ended June 30, 2009
FEDERAL GRANTOR/ PASS THROUGH GRANTOR/
PROGRAM NAME
Handicapped School Programs: 2009 Flow-Through 2009 PreKhod Incentiva
Innovative Education Program Strategies: 2009 lASA Titla V
S*rengthenlr*g The SldDs of Teachers: 2009 lASA Title II
Drug Free Schools and Communities: 2009 lASA TIM IV 2008 Title IV After School ueaniing Centers
Vocational Education: Title II A: 2008 Basic Grant Carryover 2009 Basic Grant
Technology Improvement:
2009 Educational Technology State Qranls
Elementary and Secondary Education Hurricane ReBef •
2007 Hurricane Katrina Foreign Contributions 2006 Immediate Aid to Restart School OperaUons 2008 Hurricane Educators Aswlanco Program
FEDERAL P/>£S-THROUGH CFDA GRANTORS'
NUMBER
84 027A 84.173A
84.29SA
84.367
84.1BBA 84.287C
84.048 84.048
AWARD NUMBER
09-B1-44 09-P1-44
08-80^4
09-50-44
09-70-44 28-08.CC-M
28-0B-02-44C 28-09-02-44
EXPENDITURES
1.783.490 159,371
1.942.861
21.3SI
794.046 794.046
37.118 523.281 560.399
9,426 129.053 138.470
84.31flX 28-09-49-44 23.521 23,521
84.940C 84-938A 64-938K
28-07-FC-M 2806IR-44 2e-08-HE-44
181.760 10.DS6.425
230.762 10,478,947
Total United States Departntent of Education
U.S. Department of Homeland Security: Federal Emergency Managcrpcnt Agef>cy:
Passed through the State of Louisiana: PuUic Assistance Grant 97.036
Total United States Department of Homeland Security
U.S. Department of Housing and Urban Davalopmsnt: Passed Through the Slate of Louisiana: Community Oavatopment Biocfc Grant 14.228
Total United States Department of Housing and Urtian Development
Total Fedtral Financial Asaistance
SEE ACCOMPANYING INDEPENDENT AUDITOR'S REPORT AND NOTES TO SCHEDULE OF EXPENDR-URES OF FEDERAL AWARDS.
17.517.934
23,464,750
23.464.790
8.450.098
8,450.098
$52,220,223
163
ST. BERNARD PARISH SCHOOL BOARD Chalmette. Louisiana
Notes to Schedule of Expenditures of Federal Awards
June 30,2009
1. Qengral
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the St. Bemard Parish School Board. The School Board reporting entity is defined in Note 1 to the basic financial statements for the year ended June 30,2009. All federal awards received directly fi"om federal agencies are included on the schedule as well as federal awards passed through other govemment agencies.
2. Basis of Accounting
The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accouniing, which is described in Note 1 to the St. Bemard Parish School Board's basic financial statements for the year ended June 30, 2009.
3. Relationship to General Purpose Financial Statements
Federal Award revenues are reported in the School Board's basic financial statements as follows:
From Federal Sources
General Fund $ 62,545 Special Revenue Funds 52,157,678
Total $52.220.223
4. Relationship to Federal Financial Reports
Amounts reported in the Schedule of Expenditures of Federal Awards agree with the amounts reported in the related federal financial reports.
5. USDA Commodities
Non-monetary assistance is reported in the Schedule at the fair market value of the commodities received.
164
ST. BERNARD PARISH SCHOOL BOARD SCHEDULE OF FINDINGS AND QUESTIONED COSTS
For The Year Ended June 30,2009
A. SUMMARY OF AUDIT RESULTS
1. The auditor's report expresses an unqualified opinion on the financial statements of the St. Bemard Parish School Board.
2. No significant deficiencies relating to the audit of the financial statements are reported in the Report on Compliance With Requirements Applicable to each Major Program and Intemal Control Over Compliance in Accordance With OMB Circular A-133.
3. No instances of noncompliance material to the financial statements of the St. Bemard Parish School Board were disclosed during the audit.
4. No significant deficiencies relating to the audit of the major federal award programs are reported in the Report on Compliance With Requirements Applicable to Each Major Program and Intemal Control Over Compliance in Accordance with OMB Circular A-133.
5. The auditor's report on compliance for the major federal award programs for the St. Bemard Parish School Board expresses an unqualified opinion.
6. Audit findings that are required to be reported in accordance with Section 510(a) of OMB Circular A-133 are reported in Part C. of this Schedule.
7. The programs tested as major programs included:
PROGRAM CFDA No.
Immediate Aid to Restart School Operations 84.938A Community Development Block Grant 14.228 Readiness and Emergency Management for Schools 84.184E Hurricane Educators Assistance Program 84.938K
8. The threshold for distinguishing Types A and B programs was $1,566,607.
9. The School Board was determined to be a low-risk auditee.
B. FINDINGS - FINANCIAL STATEMENTS AUDIT
None
C. FINDINGS AND QUESTIONED COSTS - MAJOR FEDERAL AWARD PROGRAMS AUDIT
None
65
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166 ]
SCHOOL BOARD PERFORMANCE
MEASURES
1# 1 LAPORTESEHRT ROMIGHAND
CERTlflCD rUHLIC ACCOUNIANTS
Independent Accounlanl 's Report
On App l y i ng Agrccd-Upon Procedures
To the Members o f the
Sl. Bemard Parish School Board
Chalmel lc , Louisiana
Wc have performed the procedures included in ihe Loin'siana Guvernmcnto/ Aud i t Gu ide and
enumerated below, wh ich were agreed lo by the nianagement o f S i . Bernard Parish School Board and
the Legislat ive A u d i t o r Slaic o f Louisiana, solely lo assisl ihe users in evaluating management 's
assertions ahout Ihe performance and statistical data accompanying ihc annual financial siaiemcnts o f
St. Bernard Parish School Board and to determine whether ihc specif ied schedules arc free o f obvious
errors and omissions as provided by the Board o f l:lcnientar>' and Secondary' t iducal ion ( B E S L )
Bul le t in . This agreed-upon procedures engagemcnl was performed in accordance w i th standards
established by the Amer ican Instiuitc o f Cen i f ied Public Accountants and applicable standards o f
Government Audi t ing Standards. The suff ic iency o f these procedures is solely ihc responsibi l i ty o f
the specif ied users o f the report. Consequently, wc make no representation regarding the suf f ic iency
o f the procedures described below either for llie purpose for wh ich this report has been requested or
for any other purpose.
Our procedures and findings relate to ihe accompanying schedules o f supplemental in format ion and
arc as fo l lows:
Genera l F u n d Instruct ional i m d Support E.xpendilures a n d Cer ta in Loca l Revenue Sources {Schedule
n I . We selccled a random sample o f 25 tninsaclions and reviewed support ing documentat ion to
dcicr in inc i f the sampled expenditures/revenues are classif ied correctly and are reported in the proper amounts for cacli o f the fo l l ow ing amounis reported on the schedule:
• ' fota l General Fund Insiruct ional L.xpenditurcs,
• Total General Fund Equipment i lxpendilureS;
• Total Local faxat ion Revenue,
• Total Local Earnings on Invcsiment in Real Property,
Toia l Slate Revenue in Lieu o f faxes,
• Nonpubl ic Tex lbook Revenue, and
• Nonpublic Transporiauon Revenue.
No differences were noted.
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167
Education Levels of Pubhc Sclioo] Staff (Schedule 2)
2. Wc reconciled the lotal number of full-time classroom teachers per the schedule "Experience of Public Principals and Full-time Classroom Teachers'' (Schedule 4) lo ihc combined lotal number of full-fime classroom teachers per this schedule and to school board supporting payroll records as ofOctober 1' .
No differences were noted.
3. We reconciled ihc combined total of principals and assistant principals per the schedule •'Experience of Public Principals and Full-time Classroom Teachers" (Schedule 4) lo ihe combined loial of principals and assistant principals per this schedule.
No differences were noted.
A. We obtained a list of principals, assistant principals, and full-time icachers by classification as ofOctober l" and as reponcd on the schedule. We traced a random sample of 25 teachers to the individual's personnel file and delermine ifllic individual's education level was properly classified on the schedule.
No differences were noted.
Number and Tvpe of Public Schools (Schedule 3)
5. We obtained a list of schools by t\'pc as reponcd on the schedule, We coinparcd the list to the schools and grade levels as reported on the Title 1 Grams to Local Educational Agencies rCFDA 84.olo) application and/or the National School Lunch Program (CFDA W.55S} application.
No dilTercnces were noted.
E.viyerience of Public Principals. Assisiant Princloals. and Full-iinie Classroom Teachers (Sciicdule 4)
6, We obtained a list of principals, assistant principals, and full-time teachers b\- classification as ofOctober 1*' and as icponcd on the schedule and traced the same sample used in procedure A 10 the individual's personnel file and determined if the individual's experience was properly classified on the schedule.
No differences were noied.
Public Staff Data (Sciiedule 5)
1. We obtained a list of all classroom teachers including their base salar>'. extra compensation; and ROTC or rehired retiree status as well as full-lime cqui\aient as reponed on the schedule and traced a random sample of 25 teachers to the individual's personnel file and determined if the individual's salary, extra compensation, and full-time equivalents were properly included on the schedule.
No differences were noted.
168
Public Staff Data (Schedule 5) (Continued)
li. We recalculated the average salaries and full-liine equivalents reported in ihe schedule.
No differences were noted.
Class Size Characteristics (Sciiedule d)
9. We obtained a list of classes by school, school type, and class size as reported on ihe schedule and reconciled school type classifications to Schedule 3 data, as obtained in procedure 5. Wc ihcn traced a random sample of 10 classes lo the Ociobcr 1 ' roll books (electronic attendance system) for those classes and determined if the class was properly classified on ihc schedules.
No differences were noted.
Louisiana Educational A.sscssmetu Program (LEAP)(Schcdule 7)
10. Wc obtained test scores as provided by the testing authority and reconciled scores as reported by ihe testing authority to scores reponcd in the schedule by St. Bernard Parish School Board.
No differences were noied.
The Graduation E.xif Exam fScfiedn/e S)
11. We obtained test scores as provided by the testing authority and reconciled scores as reponed by the testing authority to scores reponcd in the schedule by St. Bernard Parish School Board.
No differences were noted.
The {Leap Tests (Schedule 9)
12. Wc obiaincd test scores as provided by the testing authority and reconciled scores as reported by the lesting authority lo scores reponed in the schedule by Sl. Bernard Parish School Board.
No diflcrences were noted.
169
We were not engaged lo. and did noi. perform an examination, the objcciive of which would be the expression of an opinion on manageinent's assenions. Accordingly, wc do nol express such an opinion. Mad we perfonned additional procedures, other mailers might have come to our attention that would have been reponed to you.
This rcpon is intended solely for ihe use of management of Sl. Bemard Parish School Board, the Louisiana Depanment of Education, the Louisiana Legislature, and the Legislative Auditor. State of Louisiana, and should not be used by those who have nol agreed to the procedures and taken responsibility for the sufficiency o f i h e procedures for their purposes. Under Louisiana Re\ iscd Statute 24.513, this rcpon is distributed by the Legislative Auditor as a public document.
dk^ ' i^ i^^J4jCu^^ AU-^L^
A Professional Accounting Corporation
October 22. 2009
170
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171
ST. BERNARD PARISH SCHOOL BOARD Chalmettet Louisiana
Schedules Required by State Law (R.S. 24:514 - Performance and Statistical Data) As of and for the Year Ended June 30,2009
Schedule LA-1 - General Fund Instructional and Support Expenditures and Certain Local Revenue Sources This schedule includes general fund insiructional and equipment expenditures. U also contains local taxation revenue, eamings on investments, revenue in lieu of taxes, and nonpublic lexibook and Iransportation revenue. This data is used either in the Minimum Foundation Program (MFP) formula or is presented annually in the MFP 70% Expenditure Requirement Report.
Schedule LA-2 • Education Levels of Public School Staff This schedule includes the certificated and uncertificated number and percentage of full-time classroom teachers and the number and percentage of principals and assistant principal's with less than a Bachelor's; Master's; Master's +30; Specialist in Education; and Ph. D or Ed. D. degrees. This data is currently reported to the Legislature in the Annual Financial and Statistical Report (AFSR).
Schedule LA-3 - Number and Type of Public Schools This schedule includes the number of elementary, middle/junior high, secondary and combination schools in operation during the fiscal year. This data is currently reported to the Legislature in the Annual Financial and Siatistical Report (AFSR).
Schedule LA-4 - Experience of Public Principals, Assistant Principals, and Full-time Classroom Teachers This schedule includes the number of years of experience in teaching for assistant principals, principals, and full-lime classroom teachers. This data is currently reported to the Legislature in the Annual Financial and Statistical Report (AFSR).
Schedule LA-5 - Public School Staff Data This schedule includes average classroom teachers salar)' using full-time equivalents, including and excluding ROTC and rehired retiree teachers. This data is currently reported to the Legislature in the Annual Financial and Statistical Report (AFSR).
Schedule LA-6 - Class Size Characteristics This schedule includes the percent and number of classes with student enrollment in the following ranges: 1-20, 21-26, 27-33, and 34+ students. This data is currently reported lo the Legislature in the Annual School Report (ASR).
Schedule LA-7 - Louisiana Educational Assessment Program (LEAP) This schedule represents student performance testing data and includes summary scores by district for grades 4 and 8 in each category tested. Scores are reported as Advanced, Proficient, Basic, Approaching Basic, and Unsatisfactory. This schedule includes three years of data.
Schedule LA-8 - The Graduation Exit Exam This schedule represents student performance testing data and includes summary scores by district for grades 10 and 11 in each category tested. Scores are reported as Advanced, Proficient, Basic, Approaching Basic, and Unsatisfactory. This schedule includes three years of data.
172
Schedule LA-9 - The IOWA and /-LEAP Tests This schedule represents student performance testing data and includes a summary score for grades 3, 5, 6, 7 and 9 for each district. The summary score reported is the National Percentile Rank showing relative position or rank as compared lo a large, representative sample of students in the same grade from the entire nation. This schedule includes three years of data.
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